KB Home $KBH Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of KB Home (NYSE:KBH) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 154,571 shares of the construction company’s stock after acquiring an additional 1,762 shares during the period. Nordea Investment Management AB owned approximately 0.23% of KB Home worth $8,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System boosted its stake in KB Home by 0.3% in the 2nd quarter. New York State Teachers Retirement System now owns 104,718 shares of the construction company’s stock worth $5,547,000 after purchasing an additional 341 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of KB Home by 40.8% in the second quarter. Sequoia Financial Advisors LLC now owns 14,003 shares of the construction company’s stock worth $742,000 after buying an additional 4,059 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of KB Home by 0.8% during the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock worth $1,353,000 after buying an additional 209 shares during the period. CWM LLC lifted its stake in shares of KB Home by 99.2% during the second quarter. CWM LLC now owns 3,998 shares of the construction company’s stock worth $212,000 after buying an additional 1,991 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of KB Home by 9.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,120 shares of the construction company’s stock valued at $695,000 after buying an additional 1,116 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore ISI set a $65.00 target price on KB Home and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. UBS Group restated a “buy” rating and issued a $83.00 price objective on shares of KB Home in a research note on Thursday, September 25th. Raymond James Financial upped their target price on KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.36.

KB Home Trading Up 0.0%

Shares of KBH stock opened at $61.92 on Tuesday. The stock has a 50 day moving average of $63.29 and a 200 day moving average of $57.18. The stock has a market cap of $4.01 billion, a P/E ratio of 8.20, a P/E/G ratio of 5.10 and a beta of 1.40. KB Home has a twelve month low of $48.90 and a twelve month high of $85.67.

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

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio (DPR) 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.