KB Home (NYSE:KBH) Short Interest Update

KB Home (NYSE:KBH) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 6,460,000 shares, an increase of 5.0% from the September 30th total of 6,150,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is presently 5.6 days. Approximately 9.1% of the company’s stock are short sold.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.44% of the stock is owned by insiders.

Institutional Investors Weigh In On KB Home

A number of institutional investors have recently modified their holdings of the stock. LSV Asset Management boosted its holdings in KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after purchasing an additional 572,800 shares in the last quarter. Swedbank AB bought a new stake in KB Home in the first quarter worth $13,047,000. WINTON GROUP Ltd boosted its holdings in KB Home by 754.7% in the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock worth $14,512,000 after purchasing an additional 182,595 shares in the last quarter. American Century Companies Inc. boosted its holdings in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after purchasing an additional 147,326 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in KB Home by 190.8% in the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company’s stock worth $7,348,000 after purchasing an additional 68,697 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBH shares. Bank of America increased their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. The Goldman Sachs Group increased their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI raised their target price on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.50.

KB Home Stock Up 0.5 %

KB Home stock traded up $0.40 during mid-day trading on Thursday, hitting $78.77. The company’s stock had a trading volume of 379,707 shares, compared to its average volume of 1,234,845. The stock has a market capitalization of $5.78 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.67 and a beta of 1.81. KB Home has a twelve month low of $43.34 and a twelve month high of $89.70. The stock’s fifty day moving average price is $82.64 and its two-hundred day moving average price is $75.81.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $1.80 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is currently 12.82%.

About KB Home

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.