Truist Financial Lowers KB Home (NYSE:KBH) Price Target to $50.00

KB Home (NYSE:KBH) had its price target decreased by analysts at Truist Financial from $55.00 to $50.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 3.05% from the company’s current price.

KBH has been the subject of several other research reports. Wells Fargo & Company reduced their price target on shares of KB Home from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Friday, September 11th. Citigroup reissued an “outperform” rating on shares of KB Home in a report on Wednesday. Royal Bank Of Canada restated a “market perform” rating on shares of KB Home in a research report on Wednesday. Zacks Research cut shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Finally, Evercore set a $59.00 price target on shares of KB Home in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, KB Home has a consensus rating of “Hold” and a consensus price target of $57.33.

KB Home Price Performance

Shares of KBH traded down $0.07 during trading hours on Wednesday, hitting $48.52. The stock had a trading volume of 1,625,285 shares, compared to its average volume of 1,205,109. KB Home has a 12 month low of $44.03 and a 12 month high of $67.57. The firm has a market capitalization of $2.97 billion, a PE ratio of 16.88, a PEG ratio of 2.47 and a beta of 1.34. The stock has a fifty day moving average price of $54.18 and a 200 day moving average price of $53.44.

KB Home (NYSE:KBH) last posted 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.KB Home’s revenue was down 20.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. As a group, analysts anticipate that KB Home will post 3.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other KB Home news, EVP Albert Z. Praw sold 22,015 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the sale, the executive vice president directly owned 104,062 shares of the company’s stock, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur Collins sold 4,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.69% of the stock is currently owned by insiders.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently added to or reduced their stakes in KBH. BlackRock Inc. purchased a new position in KB Home in the 2nd quarter worth approximately $618,489,000. Donald Smith & CO. Inc. purchased a new stake in KB Home during the 2nd quarter valued at approximately $108,652,000. Norges Bank bought a new stake in shares of KB Home during the fourth quarter valued at approximately $48,418,000. Bamco Inc. NY bought a new stake in shares of KB Home during the second quarter valued at approximately $37,500,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of KB Home in the second quarter worth $35,837,000. Institutional investors own 96.09% of the company’s stock.

Trending Headlines about KB Home

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

• Positive Sentiment: KB Home exceeded third-quarter expectations, reporting adjusted earnings of $1.05 per share versus the $0.88 consensus estimate. Revenue of approximately $1.30 billion was in line with forecasts, while the company repurchased $50 million of stock. KB Home Reports 2026 Third Quarter Results
• Positive Sentiment: Management projected fourth-quarter housing revenue of $1.45 billion to $1.65 billion and plans to repurchase up to an additional $50 million of shares, offering some support for valuation. KB Home Q4 Revenue Forecast and Buybacks
• Neutral Sentiment: Analysts remain mixed: Citizens JMP kept a “market outperform” rating, while Barclays maintained “overweight,” and Bank of America retained “neutral.” However, all three reduced their price targets to $70, $49, and $54, respectively. Wells Fargo maintained a “sell” rating with a $50 target. Analysts Cut KB Home Forecasts
• Negative Sentiment: Underlying results were weaker than the headline earnings beat: revenue fell 20% year over year, deliveries declined 19%, net orders dropped 12%, net income decreased to $65.3 million, and gross margin contracted to 16.5% from 18.2%. KB Home also lowered its full-year gross-margin outlook to 16.0%-16.2%. KB Home Cuts Margin Outlook
• Negative Sentiment: Thirty-year mortgage rates rose above 7% to 7.12%, their highest level since 2024. Higher borrowing costs threaten affordability and demand for new homes, causing KB Home and other housing stocks to give back part of their recent gains. Mortgage Rates Top 7 Percent

About KB Home

KB Home (NYSE: KBH) is a homebuilding company that designs, constructs and sells residential properties in the United States. Its offerings primarily include single-family homes, with communities and floor plans intended for first-time buyers, move-up buyers and other owner-occupants. The company also provides homebuyers with opportunities to personalize selected features and finishes through its build-to-order approach.

The company operates in several major housing markets across the United States, including locations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.