KB Home (NYSE:KBH) Short Interest Up 9.5% in November

KB Home (NYSE:KBH) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,310,000 shares, an increase of 9.5% from the October 31st total of 5,760,000 shares. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is presently 5.8 days. Currently, 8.9% of the company’s shares are short sold.

KB Home Stock Down 0.5 %

KBH traded down $0.39 during trading on Tuesday, hitting $82.74. 645,404 shares of the stock were exchanged, compared to its average volume of 1,204,333. The firm has a market capitalization of $6.07 billion, a P/E ratio of 10.61, a PEG ratio of 0.65 and a beta of 1.81. KB Home has a 1-year low of $53.54 and a 1-year high of $89.70. The stock has a fifty day moving average price of $81.05 and a two-hundred day moving average price of $78.16.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.80 earnings per share. Analysts predict that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. KB Home’s dividend payout ratio (DPR) is 12.82%.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On KB Home

A number of hedge funds and other institutional investors have recently made changes to their positions in KBH. Financial Management Professionals Inc. purchased a new stake in KB Home during the 3rd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of KB Home in the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of KB Home during the third quarter worth approximately $59,000. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home during the third quarter worth $61,000. Finally, Quest Partners LLC grew its position in KB Home by 101,600.0% in the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after buying an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Ratings Changes

KBH has been the subject of a number of recent analyst reports. Barclays raised their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Bank of America raised their target price on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.50.

KB Home Company Profile

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.