KB Home (NYSE:KBH) Price Target Cut to $47.00 by Analysts at Royal Bank Of Canada

KB Home (NYSE:KBH) had its price objective decreased by research analysts at Royal Bank Of Canada from $50.00 to $47.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 8.16% from the stock’s current price.

A number of other brokerages also recently commented on KBH. Bank of America cut their price objective on shares of KB Home from $56.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Citigroup reaffirmed an “outperform” rating on shares of KB Home in a report on Wednesday, September 23rd. Citizens Jmp reduced their price target on shares of KB Home from $77.00 to $70.00 and set a “market outperform” rating for the company in a research report on Wednesday, September 23rd. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $65.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, October 5th. Finally, Morgan Stanley initiated coverage on shares of KB Home in a research report on Thursday, October 1st. They issued an “underweight” rating and a $39.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.85.

KB Home Stock Performance

NYSE KBH traded up $1.52 during trading hours on Thursday, hitting $43.45. The company had a trading volume of 432,930 shares, compared to its average volume of 1,237,019. KB Home has a 1-year low of $40.92 and a 1-year high of $67.57. The company has a market cap of $2.64 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. The business has a 50 day moving average of $50.56 and a 200-day moving average of $52.44.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company posted $1.61 earnings per share. The business’s quarterly revenue was down 20.0% compared to the same quarter last year. Sell-side analysts expect that KB Home will post 3.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Albert Praw sold 22,015 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 104,062 shares of the company’s stock, valued at $6,108,439.40. The trade was a 17.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur Collins sold 4,000 shares of KB Home stock in a transaction 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 owned 9,157 shares in the company, valued at $521,582.72. The trade was a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.69% of the stock is owned by company insiders.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in shares of KB Home in the 3rd quarter valued at $34,000. GAMMA Investing LLC lifted its stake in shares of KB Home by 26.3% in the third quarter. GAMMA Investing LLC now owns 2,470 shares of the construction company’s stock worth $115,000 after acquiring an additional 514 shares in the last quarter. Polaris Financial Partners acquired a new position in shares of KB Home in the 3rd quarter valued at approximately $43,000. Cim Investment Management Inc. boosted its stake in KB Home by 7.3% during the 2nd quarter. Cim Investment Management Inc. now owns 7,802 shares of the construction company’s stock valued at $488,000 after acquiring an additional 528 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of KB Home by 3.5% in the 2nd quarter. QRG Capital Management Inc. now owns 7,446 shares of the construction company’s stock valued at $466,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home News Summary

Here are the key news stories impacting KB Home this week:

• Positive Sentiment: Zacks raised several earnings estimates. Zacks Research increased its FY2026 EPS forecast to $3.21 from $3.11, Q3 2027 EPS to $1.08 from $1.01, and Q3 2028 EPS to $1.37 from $1.34. Its FY2027 estimate also rose slightly to $4.11 from $4.09, providing some support for the stock. Zacks Research earnings estimate updates
• Neutral Sentiment: Executive incentive awards were approved. KB Home’s board compensation committee approved new long-term incentive grants for executives on October 8. The awards are intended to align management with longer-term company performance and are not expected to materially affect near-term results. KB Home Updates Executive Long-Term Incentive Awards
• Negative Sentiment: Zacks retains a “Strong Sell” rating and reduced multiple forecasts. The research firm lowered its Q4 2026 EPS estimate to $1.21 from $1.30, FY2028 EPS to $5.03 from $5.12, Q1 2027 EPS to $0.63 from $0.65, Q2 2027 EPS to $0.80 from $0.82, Q4 2027 EPS to $1.60 from $1.61, Q1 2028 EPS to $0.87 from $0.94, and Q2 2028 EPS to $1.07 from $1.12. The broad pattern signals continued concerns about the housing market, margins, or demand despite isolated upward revisions. Zacks Research estimate reductions
• Negative Sentiment: Brokerage sentiment remains restrained. Wall Street brokerages have assigned KB Home a “Hold” rating, limiting the potential upside from the improved estimates and reinforcing a wait-and-see stance among analysts. KB Home Stock Rated Hold by Wall Street Brokerages

About KB Home

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.