KB Home $KBH Shares Sold by Denali Advisors LLC

Denali Advisors LLC trimmed its position in shares of KB Home (NYSE:KBH) by 77.2% during the third quarter, Holdings Channel reports. The firm owned 9,600 shares of the construction company’s stock after selling 32,479 shares during the quarter. Denali Advisors LLC’s holdings in KB Home were worth $611,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in KB Home during the 2nd quarter worth about $44,000. Jones Financial Companies Lllp increased its stake in KB Home by 44.4% during the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of KB Home by 2,848.4% during the third quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after purchasing an additional 883 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of KB Home by 56.3% in the third quarter. Harbor Capital Advisors Inc. now owns 944 shares of the construction company’s stock valued at $60,000 after purchasing an additional 340 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of KB Home by 1,125.9% in the second quarter. Hantz Financial Services Inc. now owns 1,986 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,824 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Trading Up 3.9%

KBH opened at $66.43 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 5.77. KB Home has a one year low of $48.90 and a one year high of $68.71. The company has a market cap of $4.20 billion, a P/E ratio of 13.53, a PEG ratio of 8.66 and a beta of 1.49. The business’s 50-day simple moving average is $60.29 and its 200-day simple moving average is $61.70.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The firm’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 earnings per share. As a group, equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, February 5th. KB Home’s dividend payout ratio (DPR) is currently 20.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KBH. Barclays reduced their target price on shares of KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Royal Bank Of Canada reduced their price objective on KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. UBS Group lowered their target price on KB Home from $77.00 to $71.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Raymond James Financial lowered KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, KB Home currently has an average rating of “Hold” and a consensus target price of $62.73.

KB Home Profile

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.