KB Home (NYSE:KBH) Short Interest Update

KB Home (NYSE:KBH) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,760,000 shares, a decrease of 10.8% from the October 15th total of 6,460,000 shares. Approximately 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,100,000 shares, the days-to-cover ratio is currently 5.2 days.

KB Home Stock Down 0.6 %

KB Home stock traded down $0.45 during mid-day trading on Tuesday, hitting $76.83. The company’s stock had a trading volume of 309,873 shares, compared to its average volume of 1,218,985. The stock has a market capitalization of $5.63 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.67 and a beta of 1.81. KB Home has a twelve month low of $51.53 and a twelve month high of $89.70. The stock’s fifty day moving average price is $81.96 and its two-hundred day moving average price is $77.35.

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

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s payout ratio is presently 12.82%.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.52% of the stock is owned by insiders.

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently modified their holdings of the business. Hancock Whitney Corp lifted its position in KB Home by 311.0% during the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company’s stock worth $1,150,000 after acquiring an additional 12,273 shares during the last quarter. Virtu Financial LLC bought a new stake in KB Home during the first quarter worth about $1,078,000. Tidal Investments LLC bought a new stake in KB Home during the first quarter worth about $1,177,000. Comerica Bank lifted its position in shares of KB Home by 123.0% during the first quarter. Comerica Bank now owns 75,154 shares of the construction company’s stock worth $5,327,000 after purchasing an additional 41,452 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of KB Home during the first quarter worth approximately $1,588,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays increased their target price on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wedbush raised their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Wells Fargo & Company downgraded KB Home from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Bank of America lifted their price target on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average price target of $77.50.

About KB Home

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.