Skandinaviska Enskilda Banken AB publ Has $2.12 Million Holdings in KB Home (NYSE:KBH)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of KB Home (NYSE:KBH) by 87.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,366 shares of the construction company’s stock after selling 228,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in KB Home were worth $2,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBH. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after buying an additional 179 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares in the last quarter. Amundi boosted its holdings in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home during the 3rd quarter worth approximately $59,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Price Performance

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

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

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given 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 dividend payout ratio is 11.81%.

Insider Buying and Selling at KB Home

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

Analyst Upgrades and Downgrades

KBH has been the topic of a number of research analyst reports. Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. UBS Group cut their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Wells Fargo & Company cut their target price on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.21.

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.