39,467 Shares in KB Home (NYSE:KBH) Bought by Denali Advisors LLC

Denali Advisors LLC purchased a new position in KB Home (NYSE:KBH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,467 shares of the construction company's stock, valued at approximately $2,294,000. Denali Advisors LLC owned approximately 0.06% of KB Home as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KBH. Harbor Capital Advisors Inc. increased its holdings in shares of KB Home by 73.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after buying an additional 258 shares during the last quarter. Sachetta LLC increased its holdings in shares of KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after buying an additional 660 shares during the last quarter. Byrne Asset Management LLC increased its holdings in shares of KB Home by 51.8% in the 1st quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock worth $45,000 after buying an additional 264 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of KB Home by 1,256.9% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the construction company's stock worth $57,000 after buying an additional 905 shares during the last quarter. Finally, Amundi increased its holdings in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KBH shares. Wall Street Zen upgraded shares of KB Home from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Evercore ISI reduced their price objective on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 24th. Keefe, Bruyette & Woods reduced their price objective on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Thursday, June 26th. Barclays set a $49.00 price objective on shares of KB Home and gave the stock an "equal weight" rating in a research report on Tuesday, June 24th. Finally, UBS Group reduced their price objective on shares of KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $66.14.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the sale, the director owned 10,262 shares of the company's stock, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Robert V. Mcgibney sold 14,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the sale, the chief operating officer directly owned 78,345 shares of the company's stock, valued at $4,193,024.40. The trade was a 15.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.89% of the company's stock.

KB Home Stock Down 3.0%

Shares of NYSE KBH traded down $1.68 during midday trading on Friday, reaching $53.92. 1,666,102 shares of the company's stock traded hands, compared to its average volume of 1,318,906. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The stock's 50 day simple moving average is $53.25 and its 200-day simple moving average is $57.93. KB Home has a one year low of $48.90 and a one year high of $89.70. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 4.33 and a beta of 1.34.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned $2.15 earnings per share. The company's quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. KB Home's payout ratio is 13.25%.

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.