Raymond James & Associates Sells 1,963 Shares of KB Home (NYSE:KBH)

Raymond James & Associates trimmed its position in KB Home (NYSE:KBH) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,213 shares of the construction company’s stock after selling 1,963 shares during the period. Raymond James & Associates’ holdings in KB Home were worth $1,762,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Harbour Investments Inc. purchased a new position in shares of KB Home in the second quarter worth approximately $26,000. Lazard Asset Management LLC purchased a new position in shares of KB Home during the 1st quarter worth $40,000. Fifth Third Bancorp boosted its stake in shares of KB Home by 40.9% during the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after acquiring an additional 270 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of KB Home during the 4th quarter valued at $62,000. Finally, Acadian Asset Management LLC increased its stake in shares of KB Home by 35.5% in the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after purchasing an additional 568 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William R. Hollinger sold 45,471 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the transaction, the chief accounting officer now directly owns 109,981 shares of the company’s stock, valued at $6,650,551.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 412,021 shares of company stock valued at $24,954,977. Corporate insiders own 3.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore ISI lowered their target price on KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price objective on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. UBS Group increased their target price on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. The Goldman Sachs Group raised their target price on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Finally, Wedbush upped their price target on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $66.11.

KB Home Price Performance

Shares of NYSE KBH opened at $60.90 on Thursday. The stock has a market cap of $4.62 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.73. The firm has a fifty day moving average price of $65.93 and a 200-day moving average price of $58.40. KB Home has a 1 year low of $39.75 and a 1 year high of $72.00.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. KB Home’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. On average, research analysts expect that KB Home will post 8.01 EPS for the current year.

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.