Denali Advisors LLC Invests $2.29 Million in KB Home (NYSE:KBH)

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

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

Insider Activity

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

KB Home Stock Performance

KBH stock traded up $4.87 during midday trading on Tuesday, reaching $59.10. 2,364,585 shares of the company's stock traded hands, compared to its average volume of 1,323,046. The company has a 50-day moving average price of $53.25 and a two-hundred day moving average price of $57.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The firm has a market capitalization of $4.02 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 4.36 and a beta of 1.34.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $2.15 EPS. The business's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, August 7th. KB Home's dividend payout ratio (DPR) is 13.25%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wedbush restated a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Bank of America cut their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Royal Bank Of Canada cut their target price on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. UBS Group cut their target price on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Finally, Keefe, Bruyette & Woods cut their target price on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $66.14.

About KB Home

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.