Inspire Investing LLC Lowers Stock Position in KB Home $KBH

Inspire Investing LLC reduced its stake in shares of KB Home (NYSE:KBH) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,170 shares of the construction company’s stock after selling 2,326 shares during the period. Inspire Investing LLC owned 0.06% of KB Home worth $2,181,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in KBH. AQR Capital Management LLC increased its stake in KB Home by 116.1% in the 1st quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company’s stock worth $53,957,000 after acquiring an additional 506,415 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of KB Home by 326.7% during the 1st 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 last quarter. Assenagon Asset Management S.A. increased its position in shares of KB Home by 408.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 300,739 shares of the construction company’s stock valued at $15,930,000 after purchasing an additional 241,608 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of KB Home by 511.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 196,800 shares of the construction company’s stock valued at $10,424,000 after purchasing an additional 164,600 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of KB Home by 83.5% during the 1st quarter. Great Lakes Advisors LLC now owns 186,496 shares of the construction company’s stock valued at $10,839,000 after purchasing an additional 84,875 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KBH has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of KB Home in a research report on Wednesday. Evercore ISI set a $65.00 price objective on KB Home and gave the company an “in-line” rating in a report on Tuesday. Oppenheimer assumed coverage on KB Home in a report on Wednesday, September 3rd. They set a “market perform” rating for the company. Raymond James Financial boosted their price objective on KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Finally, Barclays set a $49.00 price objective on KB Home and gave the company an “equal weight” rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.36.

Insider Transactions at KB Home

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total transaction of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares in the company, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.89% of the company’s stock.

KB Home Trading Up 0.1%

Shares of NYSE KBH opened at $57.65 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.13 and a quick ratio of 0.23. The stock has a market capitalization of $3.92 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 4.70 and a beta of 1.40. KB Home has a 1-year low of $48.90 and a 1-year high of $85.92. The business has a fifty day moving average price of $63.03 and a 200 day moving average price of $57.08.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $2.04 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. KB Home’s dividend payout ratio is currently 13.25%.

KB Home 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.