KB Home $KBH Shares Bought by Denali Advisors LLC

Denali Advisors LLC boosted its position in shares of KB Home (NYSE:KBH) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,079 shares of the construction company’s stock after acquiring an additional 2,612 shares during the period. Denali Advisors LLC’s holdings in KB Home were worth $2,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Securian Asset Management Inc. grew its holdings in KB Home by 4.6% during the 2nd quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock worth $289,000 after acquiring an additional 238 shares in the last quarter. Nordea Investment Management AB grew its holdings in KB Home by 1.2% during the 2nd quarter. Nordea Investment Management AB now owns 154,571 shares of the construction company’s stock worth $8,100,000 after acquiring an additional 1,762 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of KB Home by 0.3% in the 2nd quarter. New York State Teachers Retirement System now owns 104,718 shares of the construction company’s stock valued at $5,547,000 after buying an additional 341 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of KB Home by 40.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,003 shares of the construction company’s stock valued at $742,000 after buying an additional 4,059 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of KB Home by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock valued at $1,353,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

KBH stock opened at $63.41 on Wednesday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 5.10 and a beta of 1.40. KB Home has a 12 month low of $48.90 and a 12 month high of $85.66. The company has a fifty day moving average price of $63.33 and a 200 day moving average price of $57.23.

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

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio (DPR) is currently 13.25%.

Analyst Ratings Changes

Several research analysts have recently issued reports on KBH shares. Evercore ISI set a $65.00 target price on shares of KB Home and gave the company an “in-line” rating in a report on Tuesday, October 7th. 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 report on Thursday, September 25th. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $65.00 to $58.00 and set a “market perform” rating for the company in a report on Thursday, June 26th. Raymond James Financial upped their target price on shares of KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Finally, Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.36.

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.