Livforsakringsbolaget Skandia Omsesidigt Buys 6,900 Shares of KB Home $KBH

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its KB Home shares by 21.4% in Q2, now holding about 0.05% of the company valued at $2.07 million.
• Recent analyst ratings for KB Home show a consensus rating of "Hold" with a price target averaging $68.05.
• KB Home reported $1.50 earnings per share in the last quarter, exceeding estimates, but revenue was down 10.5% year-over-year.

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in KB Home (NYSE:KBH - Free Report) by 21.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,100 shares of the construction company's stock after purchasing an additional 6,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.05% of KB Home worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in KB Home by 116.1% during the first quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company's stock worth $53,957,000 after purchasing an additional 506,415 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in KB Home by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company's stock worth $44,384,000 after buying an additional 6,856 shares during the last quarter. Systematic Financial Management LP grew its holdings in KB Home by 0.4% during the first quarter. Systematic Financial Management LP now owns 492,440 shares of the construction company's stock valued at $28,621,000 after purchasing an additional 2,137 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in KB Home by 326.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 456,200 shares of the construction company's stock valued at $26,514,000 after purchasing an additional 349,298 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in KB Home during the fourth quarter valued at $19,526,000. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KBH shares. Evercore ISI lowered their target price on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a report on Tuesday, June 24th. Wells Fargo & Company boosted their price target on shares of KB Home from $50.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday, September 2nd. Bank of America raised their price objective on KB Home from $60.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Barclays set a $49.00 target price on KB Home and gave the stock an "equal weight" rating in a research report on Tuesday, June 24th. Finally, UBS Group reduced their price target on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $68.05.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares of the company's stock, valued at $4,193,024.40. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.89% of the stock is currently owned by company insiders.

KB Home Stock Down 0.4%

KBH traded down $0.27 on Tuesday, reaching $62.13. 246,806 shares of the company traded hands, compared to its average volume of 1,468,563. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 5.20 and a beta of 1.36. KB Home has a 52-week low of $48.90 and a 52-week high of $88.86. The stock's 50 day moving average price is $61.24 and its 200-day moving average price is $56.88.

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

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. KB Home's dividend payout ratio is presently 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.