Daiwa Securities Group Inc. Sells 4,400 Shares of KB Home (NYSE:KBH)

Daiwa Securities Group Inc. reduced its holdings in KB Home (NYSE:KBH) by 66.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,200 shares of the construction company’s stock after selling 4,400 shares during the period. Daiwa Securities Group Inc.’s holdings in KB Home were worth $189,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of KB Home in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. bought a new stake in KB Home in the third quarter valued at about $43,000. Banque Cantonale Vaudoise acquired a new position in KB Home in the third quarter valued at about $61,000. Quest Partners LLC boosted its holdings in KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock worth $87,000 after buying an additional 1,016 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in shares of KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after buying an additional 963 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Down 0.1 %

NYSE KBH opened at $82.74 on Monday. The firm’s 50 day moving average is $81.24 and its 200-day moving average is $78.02. The company has a market capitalization of $6.07 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. KB Home has a 12-month low of $51.53 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly 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). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts expect that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KBH shares. Bank of America lifted their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. The Goldman Sachs Group boosted their price target 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. Barclays raised their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a report on Thursday, September 5th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.50.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.44% of the company’s stock.

KB Home Company 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.