Sequoia Financial Advisors LLC Trims Stake in KB Home (NYSE:KBH)

Sequoia Financial Advisors LLC lowered its position in shares of KB Home (NYSE:KBH - Free Report) by 69.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,319 shares of the construction company's stock after selling 16,755 shares during the quarter. Sequoia Financial Advisors LLC's holdings in KB Home were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KBH. Wealthcare Advisory Partners LLC lifted its holdings in shares of KB Home by 2.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company's stock worth $782,000 after acquiring an additional 231 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of KB Home by 19.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,989 shares of the construction company's stock valued at $1,629,000 after purchasing an additional 3,802 shares in the last quarter. Diversified Trust Co increased its stake in shares of KB Home by 6.1% in the 1st quarter. Diversified Trust Co now owns 9,556 shares of the construction company's stock valued at $677,000 after purchasing an additional 550 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of KB Home by 9.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,097 shares of the construction company's stock worth $645,000 after buying an additional 804 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of KB Home by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 27,585 shares of the construction company's stock worth $1,955,000 after buying an additional 7,378 shares during the last quarter. Institutional investors own 96.09% of the company's stock.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,737,156.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.44% of the stock is owned by company insiders.

KB Home Stock Performance

Shares of NYSE KBH traded down $0.61 during trading on Friday, hitting $78.05. 872,413 shares of the company traded hands, compared to its average volume of 1,132,267. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.67 and a beta of 1.81. The business's fifty day moving average is $82.78 and its 200 day moving average is $75.50. KB Home has a fifty-two week low of $42.27 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $1.80 EPS. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home's dividend payout ratio is presently 13.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KBH. Evercore ISI increased their target price on shares of KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Wells Fargo & Company cut shares of KB Home from an "equal weight" rating to an "underweight" rating and boosted their target price for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. Wedbush upped their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their price objective on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $77.50.

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.