Nisa Investment Advisors LLC Grows Stake in KB Home (NYSE:KBH)

Nisa Investment Advisors LLC grew its holdings in shares of KB Home (NYSE:KBH) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,355 shares of the construction company’s stock after acquiring an additional 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in KB Home were worth $334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Harbour Investments Inc. purchased a new position in KB Home during the 2nd quarter valued at $26,000. Lazard Asset Management LLC purchased a new stake in KB Home in the first quarter worth $40,000. Fifth Third Bancorp raised its holdings in KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after purchasing an additional 270 shares in the last quarter. Whittier Trust Co. purchased a new position in KB Home during the fourth quarter valued at $62,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock valued at $69,000 after buying an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

KB Home stock opened at $60.41 on Friday. The firm’s 50 day moving average price is $65.92 and its 200-day moving average price is $58.42. KB Home has a 1 year low of $40.38 and a 1 year high of $72.00. The stock has a market cap of $4.58 billion, a P/E ratio of 8.22, a PEG ratio of 0.70 and a beta of 1.73.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Wells Fargo & Company raised their price objective on KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their target price on KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group increased their price objective on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus target price of $66.11.

Insiders Place Their Bets

In other news, EVP Brian J. Woram sold 83,272 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the completion of the sale, the executive vice president now directly owns 156,119 shares of the company’s stock, valued at $9,449,883.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KB Home news, EVP Brian J. Woram sold 83,272 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the completion of the sale, the executive vice president now directly owns 156,119 shares of the company’s stock, valued at $9,449,883.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey T. Mezger sold 165,307 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the completion of the sale, the chief executive officer now directly owns 1,491,298 shares in the company, valued at $88,583,101.20. The disclosure for this sale can be found here. Insiders sold 412,021 shares of company stock valued at $24,954,977 over the last three months. 4.44% of the stock is owned by company insiders.

KB Home 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.