Hennessy Advisors Inc. trimmed its stake in shares of KB Home (NYSE:KBH) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,700 shares of the construction company’s stock after selling 7,700 shares during the quarter. Hennessy Advisors Inc. owned about 0.11% of KB Home worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. ETF Managers Group LLC raised its position in shares of KB Home by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 4,536 shares of the construction company’s stock worth $87,000 after purchasing an additional 618 shares during the period. Financial Architects Inc raised its position in shares of KB Home by 97.8% during the 4th quarter. Financial Architects Inc now owns 1,622 shares of the construction company’s stock worth $31,000 after purchasing an additional 802 shares during the period. Comerica Bank raised its position in shares of KB Home by 1.8% during the 4th quarter. Comerica Bank now owns 55,276 shares of the construction company’s stock worth $1,128,000 after purchasing an additional 961 shares during the period. Arizona State Retirement System raised its position in shares of KB Home by 1.8% during the 4th quarter. Arizona State Retirement System now owns 61,865 shares of the construction company’s stock worth $1,182,000 after purchasing an additional 1,104 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of KB Home by 1.1% during the 4th quarter. Retirement Systems of Alabama now owns 111,749 shares of the construction company’s stock worth $2,134,000 after purchasing an additional 1,162 shares during the period. Institutional investors and hedge funds own 87.76% of the company’s stock.

Shares of KBH stock opened at $25.19 on Thursday. KB Home has a 12-month low of $16.82 and a 12-month high of $29.46. The company has a market capitalization of $2.15 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 1.14 and a beta of 1.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 5.37 and a quick ratio of 0.98.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, March 26th. The construction company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The firm had revenue of $811.50 million during the quarter, compared to analyst estimates of $828.56 million. KB Home had a return on equity of 13.34% and a net margin of 6.05%. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS. Equities research analysts forecast that KB Home will post 2.63 EPS for the current fiscal year.

A number of brokerages recently issued reports on KBH. Zacks Investment Research lowered KB Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 14th. ValuEngine lowered KB Home from a “sell” rating to a “strong sell” rating in a report on Thursday, January 10th. Barclays set a $20.00 price objective on KB Home and gave the stock a “hold” rating in a report on Wednesday, December 12th. Credit Suisse Group reissued a “sell” rating and issued a $17.00 price objective on shares of KB Home in a report on Friday, February 15th. Finally, Buckingham Research began coverage on KB Home in a report on Friday, January 11th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.92.

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About KB Home

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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