Inspire Investing LLC Sells 34,071 Shares of KB Home $KBH

Inspire Investing LLC decreased its position in shares of KB Home (NYSE:KBH) by 82.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,099 shares of the construction company’s stock after selling 34,071 shares during the quarter. Inspire Investing LLC’s holdings in KB Home were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KBH. Yousif Capital Management LLC raised its position in KB Home by 0.8% in the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock valued at $1,353,000 after purchasing an additional 209 shares during the last quarter. Securian Asset Management Inc. increased its stake in shares of KB Home by 4.6% in the second quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock valued at $289,000 after buying an additional 238 shares during the period. Hancock Whitney Corp increased its stake in shares of KB Home by 1.1% in the first quarter. Hancock Whitney Corp now owns 21,930 shares of the construction company’s stock valued at $1,275,000 after buying an additional 246 shares during the period. Nebula Research & Development LLC raised its holdings in KB Home by 6.3% in the 2nd quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock valued at $233,000 after buying an additional 262 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in KB Home by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 67,589 shares of the construction company’s stock worth $3,580,000 after buying an additional 301 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research lowered shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 23rd. Evercore ISI set a $65.00 price objective on shares of KB Home and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. Oppenheimer started coverage on KB Home in a research report on Wednesday, September 3rd. They set a “market perform” rating for the company. Barclays cut their target price on KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.82.

Insider Activity

In other news, EVP Albert Z. Praw sold 20,284 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the completion of the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at $6,252,044.96. This trade represents a 16.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.89% of the company’s stock.

KB Home Stock Up 0.0%

KBH stock opened at $56.94 on Wednesday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.52 and a beta of 1.40. The company’s fifty day simple moving average is $61.54 and its 200 day simple moving average is $60.31. KB Home has a 12-month low of $48.90 and a 12-month high of $72.64.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period last year, the company posted $2.52 EPS. Research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.8%. KB Home’s payout ratio is 20.37%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.