Nationwide Fund Advisors reduced its stake in KB Home (NYSE:KBH) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,924 shares of the construction company’s stock after selling 51,856 shares during the period. Nationwide Fund Advisors owned 0.33% of KB Home worth $6,872,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Creative Planning boosted its stake in shares of KB Home by 34.9% during the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after purchasing an additional 1,110 shares in the last quarter. Victory Capital Management Inc. lifted its position in KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after acquiring an additional 1,241 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of KB Home in the second quarter worth $201,000. Shelton Capital Management purchased a new position in shares of KB Home in the second quarter worth $209,000. Finally, Zacks Investment Management purchased a new position in shares of KB Home in the second quarter worth $209,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Shares of KB Home (NYSE:KBH) traded up $0.55 during midday trading on Monday, hitting $31.16. 1,323,200 shares of the stock traded hands, compared to its average volume of 2,523,462. KB Home has a 1-year low of $15.51 and a 1-year high of $31.47. The firm has a market capitalization of $2,700.00, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 0.74 and a beta of 1.69.

KB Home (NYSE:KBH) last announced its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts predict that KB Home will post 1.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were given a $0.025 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.32%. KB Home’s dividend payout ratio (DPR) is 7.19%.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price target on shares of KB Home in a report on Wednesday, November 15th. UBS assumed coverage on shares of KB Home in a report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price target for the company. Wedbush cut shares of KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Finally, MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of KB Home in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. KB Home currently has an average rating of “Hold” and a consensus price target of $22.44.

In other news, EVP Albert Z. Praw sold 150,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $25.85, for a total value of $3,877,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian J. Woram sold 49,529 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

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KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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

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