Daiwa Securities Group Inc. Has $189,000 Stock Holdings in KB Home (NYSE:KBH)

Daiwa Securities Group Inc. lowered its stake in KB Home (NYSE:KBH) by 66.7% during the third quarter, Holdings Channel reports. The institutional investor owned 2,200 shares of the construction company’s stock after selling 4,400 shares during the period. Daiwa Securities Group Inc.’s holdings in KB Home were worth $189,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after buying an additional 162 shares in the last quarter. CWM LLC increased its position in KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after buying an additional 183 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after buying an additional 189 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its stake in shares of KB Home by 1.2% in the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after acquiring an additional 225 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on KBH shares. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Bank of America lifted their price target on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Wells Fargo & Company downgraded KB Home from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Finally, The Goldman Sachs Group raised their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, KB Home has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Trading Down 0.1 %

KBH stock opened at $82.74 on Monday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. The firm has a 50-day moving average price of $81.24 and a 200-day moving average price of $78.02. KB Home has a 12 month low of $51.53 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 EPS. As a group, equities analysts predict that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. KB Home’s dividend payout ratio is currently 12.82%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’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 approximately $2,737,156.20. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.