Fintel reports that on January 10, 2025, RBC Capital upgraded their outlook for KB Home (NYSE:KBH) from Underperform to Sector Perform.
Analyst Price Forecast Suggests 31.80% Upside
As of December 23, 2024, the average one-year price target for KB Home is $83.25/share. The forecasts range from a low of $65.65 to a high of $110.25. The average price target represents an increase of 31.80% from its latest reported closing price of $63.16 / share.
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The projected annual revenue for KB Home is 5,633MM, a decrease of 14.71%. The projected annual non-GAAP EPS is 5.64, a decrease of 12.11% from the prior forecast.
What is the Fund Sentiment?
There are 946 funds or institutions reporting positions in KB Home. This is an increase of 38 owner(s) or 4.19% in the last quarter. Average portfolio weight of all funds dedicated to KBH is 0.24%, an increase of 5.01%. Total shares owned by institutions increased in the last three months by 0.66% to 89,226K shares. 
The put/call ratio of KBH is 2.11, indicating a bearish outlook.
What are Other Shareholders Doing?
SMCWX - SMALLCAP WORLD FUND INC holds 2,958K shares representing 4.03% ownership of the company. No change in the last quarter.
Capital World Investors holds 2,958K shares representing 4.03% ownership of the company. No change in the last quarter.
Invesco holds 2,341K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 2,304K shares , representing an increase of 1.59%. The firm decreased its portfolio allocation in KBH by 90.26% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,253K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 2,287K shares , representing a decrease of 1.50%. The firm increased its portfolio allocation in KBH by 9.86% over the last quarter.
Fisher Asset Management holds 2,206K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 2,133K shares , representing an increase of 3.31%. The firm increased its portfolio allocation in KBH by 18.95% over the last quarter.
KB Home Background Information
(This description is provided by the company.)
KB Home is one of the largest homebuilders in the United States, with more than 600,000 homes delivered since its founding in 1957. KB Home operates in 38 markets in eight states, primarily serving first-time and first move-up homebuyers, as well as second move-up and active adults. KB Home is differentiated in offering customers the ability to personalize what they value most in their home, from choosing their lot, floor plan, and exterior, to selecting design and décor choices in its KB Home Studios. In addition, its industry leadership in sustainability helps to lower the cost of homeownership for its buyers compared to a typical resale home. The company takes a broad approach to sustainability, encompassing energy efficiency, water conservation, healthier indoor environments, smart home capabilities and waste reduction. KB Home is the first national builder to have earned awards under all of the U.S. EPA's homebuilder programs - ENERGY STAR®, WaterSense® and Indoor airPLUS®.
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