KB Home (NYSE:KBH – Get Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $55.00 to $50.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 2.60% from the stock’s previous close.
Several other research analysts have also recently weighed in on KBH. JPMorgan Chase & Co. decreased their price target on KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, December 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price target on shares of KB Home in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. Barclays lowered their price objective on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citizens Jmp began coverage on shares of KB Home in a research report on Tuesday. They issued an “outperform” rating and a $77.00 target price for the company. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.
KB Home Price Performance
KB Home (NYSE:KBH – Get Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. On average, research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.
Hedge Funds Weigh In On KB Home
Several institutional investors have recently bought and sold shares of KBH. Freestone Grove Partners LP bought a new position in shares of KB Home in the 3rd quarter worth $111,050,000. Norges Bank bought a new stake in shares of KB Home in the 2nd quarter valued at about $55,329,000. Deprince Race & Zollo Inc. bought a new position in shares of KB Home during the 3rd quarter worth approximately $59,301,000. Donald Smith & CO. Inc. raised its stake in shares of KB Home by 387.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 725,394 shares of the construction company’s stock worth $40,919,000 after acquiring an additional 576,694 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in KB Home by 102.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 932,178 shares of the construction company’s stock valued at $52,584,000 after acquiring an additional 471,598 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.
More KB Home News
Here are the key news stories impacting KB Home this week:
- Positive Sentiment: Citizens Jmp initiated coverage with an Outperform rating and a $77 price target, signaling a bullish view and sizeable upside versus current levels. Citizens Initiates Coverage of KB Home (KBH) with Market Outperform Recommendation
- Positive Sentiment: KB Home repurchased $50.0M of common stock in the quarter, a shareholder-friendly action that supports EPS and signals confidence from management. KB HOME REPORTS 2026 FIRST QUARTER RESULTS
- Positive Sentiment: Management outlined a shift to ~70% built-to-order deliveries to improve H2 2026 margins — a strategic move to bolster profitability if demand stabilizes. Kb Home outlines shift to 70-percent built-to-order deliveries for stronger H2 2026 margins
- Neutral Sentiment: Company published Q1 press release, slide deck and call transcript detailing results: revenue down ~22–23% YoY, EPS ~$0.52 and operational detail on orders and backlog — useful for modeling but not market-moving by itself. View Press Release / Slide Deck
- Neutral Sentiment: Analyst initiation and commentary (e.g., Jim Cramer mentions) are drawing attention but are mixed in tone — keep an eye on follow-through from institutional coverage. Jim Cramer’s Mad Money Recap
- Negative Sentiment: KB Home cut full-year guidance, citing that Middle East war-related instability is already deterring some prospective buyers — a direct reason management flagged for weaker near-term demand. KB Home says the war is already hurting home sales as it cuts guidance
- Negative Sentiment: Q1 results disappointed on revenue and EPS vs. some expectations (revenue ~$1.08B, EPS $0.52; revenues down ~23% YoY), prompting immediate selling pressure. KB Home Stock Sinks After Q1 Revenues Fall 23%
- Negative Sentiment: Bank of America cut its price target to $56 and set a Neutral/Hold stance, trimming upside assumptions; Wells Fargo maintained a Sell with a $50 target — analyst downgrades/target cuts are pressuring sentiment. KB Home price target lowered by Bank of America KB Home: Weaker Results…Justify Sell Rating
About KB Home
KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.
At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.
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