KB Home (NYSE:KBH) Price Target Increased to $77.00 by Analysts at Keefe, Bruyette & Woods (2024)

KB Home (NYSE:KBH – Get Free Report) had its price target boosted by equities researchers at Keefe, Bruyette & Woods from $74.00 to $77.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.17% from the company’s current price.

A number of other equities analysts have also issued reports on KBH. Zelman & Associates restated an “underperform” rating and issued a $69.00 target price on shares of KB Home in a research note on Monday, May 13th. Barclays lifted their target price on KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Royal Bank of Canada raised their price target on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 21st. UBS Group lifted their price objective on shares of KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Wedbush increased their price objective on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, KB Home currently has an average rating of “Hold” and a consensus price target of $66.83.

View Our Latest Stock Analysis on KBH

KB Home Stock Performance

Shares of KBH stock opened at $68.04 on Thursday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.77 and a beta of 1.77. The stock’s 50-day simple moving average is $68.02 and its 200-day simple moving average is $64.87. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $74.65.

KB Home (NYSE:KBH – Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. KB Home had a net margin of 9.43% and a return on equity of 15.81%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.45 EPS. KB Home’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that KB Home will post 8.01 earnings per share for the current year.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,294,522.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the sale, the executive vice president now directly owns 135,512 shares in the company, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,460 shares of company stock worth $4,384,468. 4.44% of the stock is currently owned by company insiders.

Institutional Trading of KB Home

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its position in KB Home by 1.6% during the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after acquiring an additional 191 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of KB Home by 3.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after acquiring an additional 200 shares during the period. Beck Bode LLC lifted its position in KB Home by 0.4% in the fourth quarter. Beck Bode LLC now owns 57,114 shares of the construction company’s stock valued at $3,567,000 after purchasing an additional 228 shares during the period. Wealthcare Advisory Partners LLC increased its position in KB Home by 2.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after purchasing an additional 231 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of KB Home by 10.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after buying an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

About KB Home

(Get Free Report)

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

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