KB Home $KBH Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its stake in shares of KB Home (NYSE:KBH) by 77.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,600 shares of the construction company’s stock after selling 32,479 shares during the period. Denali Advisors LLC’s holdings in KB Home were worth $611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC increased its stake in shares of KB Home by 0.8% during the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock worth $1,353,000 after purchasing an additional 209 shares in the last quarter. Securian Asset Management Inc. increased its stake in KB Home by 4.6% during the 2nd quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock worth $289,000 after buying an additional 238 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of KB Home by 44.4% during the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after acquiring an additional 240 shares during the last quarter. Nebula Research & Development LLC lifted its position in shares of KB Home by 6.3% in the second quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock valued at $233,000 after acquiring an additional 262 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of KB Home by 15.4% in the third quarter. Covestor Ltd now owns 2,020 shares of the construction company’s stock valued at $129,000 after acquiring an additional 270 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Up 3.9%

Shares of NYSE KBH opened at $66.43 on Tuesday. The company has a market capitalization of $4.20 billion, a P/E ratio of 13.53, a P/E/G ratio of 8.66 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53. The company has a 50 day simple moving average of $60.29 and a 200-day simple moving average of $61.70. KB Home has a 1 year low of $48.90 and a 1 year high of $68.71.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.13. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $2.52 earnings per share. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, February 5th. KB Home’s payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KBH shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $66.00 price objective on shares of KB Home in a research note on Tuesday, January 13th. Wells Fargo & Company decreased their price target on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th. Bank of America lowered their price target on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. UBS Group cut their price objective on shares of KB Home from $77.00 to $71.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Finally, Barclays lowered their target price on KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and a consensus price target of $62.73.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.