Nisa Investment Advisors LLC Sells 380 Shares of KB Home (NYSE:KBH)

Nisa Investment Advisors LLC lowered its holdings in shares of KB Home (NYSE:KBH) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,027 shares of the construction company’s stock after selling 380 shares during the period. Nisa Investment Advisors LLC’s holdings in KB Home were worth $396,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in KBH. Wealth Enhancement Advisory Services LLC grew its position in KB Home by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after acquiring an additional 161 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of KB Home by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 162 shares during the last quarter. CWM LLC increased its stake in shares of KB Home by 10.2% in the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after buying an additional 183 shares during the period. Jupiter Wealth Management LLC increased its stake in shares of KB Home by 1.2% in the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after buying an additional 225 shares during the period. Finally, Blue Trust Inc. raised its holdings in KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the topic of several recent analyst reports. Raymond James reissued an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Barclays reduced their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Bank of America dropped their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research report on Friday, January 17th. Finally, Evercore ISI increased their price target on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and a consensus target price of $76.21.

KB Home Stock Down 1.8 %

Shares of KBH opened at $67.15 on Thursday. KB Home has a twelve month low of $58.15 and a twelve month high of $89.70. The company has a market capitalization of $4.92 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86. The firm has a 50 day moving average of $71.27 and a 200 day moving average of $77.98.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts expect that KB Home will post 8.5 EPS for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

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.