Nisa Investment Advisors LLC Sells 387 Shares of KB Home (NYSE:KBH)

Nisa Investment Advisors LLC cut its position in shares of KB Home (NYSE:KBH) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,640 shares of the construction company’s stock after selling 387 shares during the quarter. Nisa Investment Advisors LLC’s holdings in KB Home were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of KB Home by 73.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company’s stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Byrne Asset Management LLC increased its position in shares of KB Home by 51.8% during the 1st quarter. Byrne Asset Management LLC now owns 774 shares of the construction company’s stock valued at $45,000 after purchasing an additional 264 shares during the last quarter. Amundi increased its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of KB Home by 1,256.9% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the construction company’s stock valued at $57,000 after purchasing an additional 905 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group reduced their price objective on KB Home from $86.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, June 24th. Royal Bank Of Canada reduced their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 25th. Evercore ISI reduced their price target on KB Home from $77.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 24th. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Bank of America reduced their price target on KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.14.

KB Home Price Performance

Shares of KBH stock opened at $54.84 on Thursday. The firm has a market cap of $3.73 billion, a P/E ratio of 7.26, a P/E/G ratio of 4.31 and a beta of 1.34. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The business’s 50 day moving average price is $53.22 and its 200-day moving average price is $58.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.15 EPS. On average, equities research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. KB Home’s dividend payout ratio is currently 13.25%.

Insider Activity at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, the director owned 10,262 shares in the company, valued at $558,047.56. This trade represents a 32.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.89% of the stock is currently owned by 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.