Thrivent Financial for Lutherans Sells 834 Shares of KB Home (NYSE:KBH)

Thrivent Financial for Lutherans lowered its position in shares of KB Home (NYSE:KBH) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,744 shares of the construction company’s stock after selling 834 shares during the quarter. Thrivent Financial for Lutherans’ holdings in KB Home were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. boosted its position in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after purchasing an additional 147,326 shares during the last quarter. LSV Asset Management grew its position in KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after buying an additional 572,800 shares during the period. Bank of New York Mellon Corp increased its holdings in KB Home by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock worth $61,250,000 after buying an additional 3,993 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in KB Home by 10.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company’s stock worth $48,843,000 after acquiring an additional 67,628 shares during the period. Finally, Boston Common Asset Management LLC boosted its stake in KB Home by 2.7% in the second quarter. Boston Common Asset Management LLC now owns 229,762 shares of the construction company’s stock valued at $16,125,000 after acquiring an additional 6,083 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.44% of the company’s stock.

KB Home Trading Down 0.1 %

Shares of KB Home stock opened at $82.79 on Friday. The company’s 50-day moving average price is $81.24 and its 200-day moving average price is $77.95. KB Home has a 12-month low of $51.53 and a 12-month high of $89.70. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.71 and a beta of 1.81.

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

KB Home Announces Dividend

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

Wall Street Analyst Weigh In

KBH has been the subject of several research analyst reports. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Bank of America raised their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Barclays lifted their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $77.50.

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.