Ensign Peak Advisors Inc Sells 10,350 Shares of KB Home $KBH

Ensign Peak Advisors Inc lowered its stake in KB Home (NYSE:KBH) by 35.6% during the second quarter, HoldingsChannel.com reports. The firm owned 18,683 shares of the construction company’s stock after selling 10,350 shares during the period. Ensign Peak Advisors Inc’s holdings in KB Home were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KBH. Banque Cantonale Vaudoise bought a new stake in KB Home in the first quarter valued at about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of KB Home during the 2nd quarter worth about $44,000. Manchester Capital Management LLC increased its stake in shares of KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of KB Home in the 2nd quarter valued at approximately $59,000. Finally, AlphaQuest LLC acquired a new stake in shares of KB Home in the 1st quarter valued at approximately $60,000. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Down 0.8%

Shares of NYSE:KBH opened at $64.29 on Friday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 5.17 and a beta of 1.36. KB Home has a 12 month low of $48.90 and a 12 month high of $84.38. The company’s fifty day simple moving average is $61.81 and its 200 day simple moving average is $58.90.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The company’s revenue was down 7.4% on a year-over-year basis. Research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, November 13th. KB Home’s dividend payout ratio (DPR) is currently 13.25%.

Insider Buying and Selling

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total value of $1,218,662.72. Following the sale, the executive vice president owned 104,062 shares in the company, valued at approximately $6,252,044.96. The trade was a 16.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. decreased their price target on shares of KB Home from $63.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Wells Fargo & Company raised their price objective on KB Home from $50.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 2nd. Finally, Raymond James Financial boosted their target price on KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.36.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.