Securian Asset Management Inc. Raises Stock Position in KB Home $KBH

Securian Asset Management Inc. lifted its stake in shares of KB Home (NYSE:KBH) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,462 shares of the construction company’s stock after buying an additional 238 shares during the quarter. Securian Asset Management Inc.’s holdings in KB Home were worth $289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sachetta LLC raised its position in KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock valued at $40,000 after purchasing an additional 660 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in KB Home in the 1st quarter valued at $40,000. Manchester Capital Management LLC raised its position in KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Reyes Financial Architecture Inc. raised its position in KB Home by 35.6% in the 1st quarter. Reyes Financial Architecture Inc. now owns 990 shares of the construction company’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in KB Home in the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on KBH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a research report on Saturday. Oppenheimer initiated coverage on shares of KB Home in a research note on Wednesday, September 3rd. They issued a “market perform” rating on the stock. Wells Fargo & Company boosted their price objective on shares of KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $83.00 price target on shares of KB Home in a research note on Thursday, September 25th. One 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, KB Home has a consensus rating of “Hold” and a consensus price target of $64.36.

KB Home Trading Down 0.0%

Shares of NYSE KBH opened at $63.01 on Friday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 5.19 and a beta of 1.40. KB Home has a 52 week low of $48.90 and a 52 week high of $85.66. The company’s 50-day moving average price is $63.30 and its 200 day moving average price is $57.44.

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

KB Home Announces Dividend

The company 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 dividend of $0.25 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. KB Home’s payout ratio is 13.25%.

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.