Royal Bank Of Canada Reaffirms “Sector Perform” Rating for KB Home (NYSE:KBH)

KB Home (NYSE:KBH)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $53.00 price objective on the construction company’s stock. Royal Bank Of Canada’s target price indicates a potential downside of 13.68% from the company’s current price.

A number of other brokerages have also recently commented on KBH. The Goldman Sachs Group decreased their price target on KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Seaport Research Partners reiterated a “sell” rating and set a $43.00 price target (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Weiss Ratings cut shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $77.00 price objective on shares of KB Home in a research note on Wednesday. Finally, Truist Financial cut their target price on KB Home from $54.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.58.

KB Home Stock Performance

NYSE:KBH traded up $8.67 during trading hours on Wednesday, reaching $61.40. The company’s stock had a trading volume of 1,072,974 shares, compared to its average volume of 1,183,944. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 9.27 and a beta of 1.37. The firm has a 50-day simple moving average of $51.24 and a 200-day simple moving average of $56.03. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. Equities analysts anticipate that KB Home will post 3.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Home

Several hedge funds and other institutional investors have recently bought and sold shares of KBH. State Street Corp lifted its holdings in shares of KB Home by 3.1% in the second quarter. State Street Corp now owns 3,503,159 shares of the construction company’s stock worth $185,562,000 after buying an additional 106,926 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of KB Home during the 3rd quarter valued at about $111,050,000. Invesco Ltd. lifted its stake in shares of KB Home by 1.4% in the 3rd quarter. Invesco Ltd. now owns 1,400,892 shares of the construction company’s stock valued at $89,153,000 after purchasing an additional 19,330 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in KB Home by 13.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after buying an additional 122,457 shares during the last quarter. Finally, Bank of America Corp DE raised its position in KB Home by 36.4% in the 3rd quarter. Bank of America Corp DE now owns 1,033,287 shares of the construction company’s stock worth $65,758,000 after purchasing an additional 275,965 shares during the period. 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 reported Q2 revenue of $1.11 billion, above analyst expectations, and said results met or exceeded the midpoint of its guidance ranges. KB HOME REPORTS 2026 SECOND QUARTER RESULTS
• Positive Sentiment: The company also repurchased $75 million of common stock, a sign management remains confident in the business and shareholder returns. KB HOME REPORTS 2026 SECOND QUARTER RESULTS
• Neutral Sentiment: Adjusted profitability was softer: EPS came in at $0.43, slightly below the $0.44 consensus and well below the $1.50 earned a year ago, reflecting a weaker housing backdrop. KB Home: Fiscal Q2 Earnings Snapshot
• Negative Sentiment: Revenue still fell 27.3% year over year, and management narrowed its full-year outlook, reinforcing concerns that demand remains pressured by a difficult housing market. KB Home Reports Lower Revenue as Difficult Housing Market Persists

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.