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

Nisa Investment Advisors LLC trimmed its stake in shares of KB Home (NYSE:KBH) by 5.9% in the 4th quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 purchasing an additional 161 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of KB Home by 0.9% during the 2nd 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 lifted its position in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after acquiring an additional 183 shares during the last quarter. Jupiter Wealth Management LLC increased its position in KB Home by 1.2% during the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after buying an additional 225 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in KB Home by 23.4% in the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 1.8 %

NYSE:KBH opened at $67.15 on Thursday. The company has a market capitalization of $4.92 billion, a PE ratio of 7.93, a P/E/G ratio of 0.93 and a beta of 1.86. KB Home has a 52-week low of $58.15 and a 52-week high of $89.70. The stock’s 50 day moving average price is $71.27 and its 200 day moving average price is $77.98.

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

KB Home Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KBH shares. Wells Fargo & Company cut their price objective on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday. Bank of America reduced 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 dropped their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Evercore ISI lifted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.21.

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.