Zacks Research Comments on KB Home’s Q3 Earnings (NYSE:KBH)

KB Home (NYSE:KBH) – Analysts at Zacks Research raised their Q3 2028 EPS estimates for shares of KB Home in a research note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now expects that the construction company will earn $1.39 per share for the quarter, up from their previous forecast of $1.37. Zacks Research has a “Hold” rating on the stock. The consensus estimate for KB Home’s current full-year earnings is $3.26 per share.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. KB Home had a net margin of 4.39% and a return on equity of 6.56%. The company’s quarterly revenue was down 20.0% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share.

A number of other brokerages have also recently commented on KBH. Melius Research began coverage on KB Home in a research note on Tuesday, October 6th. They issued a “sell” rating and a $43.00 price target for the company. Evercore set a $59.00 price objective on KB Home in a research report on Wednesday, September 23rd. Citizens Jmp lowered their target price on KB Home from $77.00 to $70.00 and set a “market outperform” rating for the company in a report on Wednesday, September 23rd. Barclays lowered their target price on KB Home from $57.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Finally, Morgan Stanley began coverage on KB Home in a research report on Thursday, October 1st. They issued an “underweight” rating and a $39.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.23.

KB Home Stock Performance

Shares of NYSE:KBH opened at $46.17 on Friday. The company has a fifty day moving average of $48.96 and a 200-day moving average of $52.13. The company has a market capitalization of $2.81 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. KB Home has a 52-week low of $40.92 and a 52-week high of $67.57.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 12th. KB Home’s payout ratio is presently 28.17%.

Insider Buying and Selling

In other KB Home news, Director Arthur Collins sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the transaction, the director directly owned 9,157 shares in the company, valued at approximately $521,582.72. This represents a 30.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Albert Praw sold 22,015 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the transaction, the executive vice president owned 104,062 shares of the company’s stock, valued at approximately $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.69% of the company’s stock.

Institutional Trading of KB Home

Institutional investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in KB Home in the second quarter valued at $1,609,000. Great Lakes Advisors LLC acquired a new position in KB Home during the 2nd quarter worth about $4,470,000. Bank of America Corp DE acquired a new position in KB Home during the 2nd quarter worth about $35,377,000. Donald Smith & CO. Inc. acquired a new position in KB Home during the 2nd quarter worth about $108,652,000. Finally, SummitTX Capital L.P. bought a new stake in shares of KB Home in the 1st quarter valued at about $1,771,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

KB Home (NYSE: KBH) is a homebuilder that develops and constructs residential communities across the United States. The company primarily builds single-family homes, along with certain attached homes and townhomes, serving first-time, move-up and active-adult buyers.

KB Home offers a range of home designs, floor plans and personalization options, allowing buyers to select features and finishes during the construction process. Its activities generally include land acquisition and development, home construction, sales and customer support, with homes built in both suburban and urban communities.

Founded in 1957, KB Home operates in markets across Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.