Skandinaviska Enskilda Banken AB publ Sells 228,100 Shares of KB Home (NYSE:KBH)

Skandinaviska Enskilda Banken AB publ decreased its position in shares of KB Home (NYSE:KBH) by 87.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,366 shares of the construction company’s stock after selling 228,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in KB Home were worth $2,123,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KBH. FMR LLC increased its position in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after buying an additional 1,752,498 shares during the period. Holocene Advisors LP bought a new position in shares of KB Home in the third quarter worth $89,899,000. Hennessy Advisors Inc. bought a new position in shares of KB Home in the fourth quarter worth $44,118,000. Raymond James Financial Inc. bought a new position in shares of KB Home in the fourth quarter worth $12,288,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KBH shares. UBS Group decreased their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research report on Friday, January 17th. Raymond James restated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.21.

KB Home Stock Performance

Shares of KBH stock opened at $60.59 on Monday. The business’s 50-day moving average price is $64.62 and its 200-day moving average price is $73.84. KB Home has a 12 month low of $59.00 and a 12 month high of $89.70. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.90 and a beta of 1.89. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is presently 11.81%.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.44% of the company’s stock.

KB Home Company 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.