Nisa Investment Advisors LLC Has $334,000 Holdings in KB Home (NYSE:KBH)

Nisa Investment Advisors LLC grew its holdings in KB Home (NYSE:KBH) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,355 shares of the construction company’s stock after purchasing an additional 200 shares during the period. Nisa Investment Advisors LLC’s holdings in KB Home were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in KB Home by 93.9% in the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock worth $116,942,000 after buying an additional 1,223,612 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of KB Home by 125.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after purchasing an additional 1,156,233 shares during the last quarter. Norges Bank bought a new position in KB Home during the fourth quarter valued at about $29,141,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of KB Home by 225.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock valued at $41,435,000 after acquiring an additional 620,238 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of KB Home by 1,871.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,588 shares of the construction company’s stock valued at $24,734,000 after acquiring an additional 584,363 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other KB Home news, CAO William R. Hollinger sold 45,471 shares of KB Home stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total value of $2,749,631.37. Following the transaction, the chief accounting officer now owns 109,981 shares of the company’s stock, valued at $6,650,551.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 412,021 shares of company stock worth $24,954,977. Company insiders own 4.44% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent analyst reports. Barclays upped their target price on KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Wells Fargo & Company lifted their price target on KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. UBS Group increased their price objective on KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. StockNews.com downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group upped their target price on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.11.

KB Home Price Performance

KBH stock opened at $60.41 on Friday. The stock has a market capitalization of $4.58 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.70 and a beta of 1.73. KB Home has a fifty-two week low of $40.38 and a fifty-two week high of $72.00. The company has a 50 day moving average price of $65.92 and a 200 day moving average price of $58.42.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. KB Home’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that KB Home will post 8.01 earnings per share for the current fiscal year.

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.