KB Home (NYSE:KBH) Short Interest Update

KB Home (NYSE:KBH) was the recipient of a large increase in short interest during the month of 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 trading volume of 1,160,000 shares, the short-interest ratio is currently 5.6 days. Currently, 9.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

KBH has been the subject of a number of research analyst reports. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. Evercore ISI increased their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. 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. 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, Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.50.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

Several hedge funds have recently modified their holdings of KBH. American Century Companies Inc. lifted 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 valued at $118,244,000 after buying an additional 147,326 shares during the period. LSV Asset Management lifted 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 valued at $74,138,000 after buying an additional 572,800 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in KB Home by 2.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock valued at $63,692,000 after buying an additional 18,981 shares during the period. Bank of New York Mellon Corp lifted its holdings in KB Home by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock valued at $61,250,000 after buying an additional 3,993 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in KB Home by 10.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company’s stock valued at $48,843,000 after buying an additional 67,628 shares during the period. 96.09% of the stock is owned by institutional investors.

KB Home Trading Up 0.5 %

Shares of KBH traded up $0.40 during mid-day trading on Thursday, hitting $78.77. 379,707 shares of the company traded hands, compared to its average volume of 1,234,845. KB Home has a one year low of $43.34 and a one year high of $89.70. The business has a 50-day moving average of $82.64 and a 200 day moving average of $75.81. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.67 and a beta of 1.81.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $1.80 earnings per share. KB Home’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

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

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.