KB Home (NYSE:KBH) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lowered its holdings in KB Home (NYSE:KBH) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,965 shares of the construction company’s stock after selling 718 shares during the period. Ballentine Partners LLC’s holdings in KB Home were worth $721,000 at the end of the most recent reporting period.

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

KB Home Stock Up 1.3 %

NYSE:KBH opened at $67.89 on Thursday. The company has a market capitalization of $4.98 billion, a PE ratio of 8.01, a P/E/G ratio of 0.91 and a beta of 1.86. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The stock’s 50 day moving average price is $72.26 and its 200 day moving average price is $78.04.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the company posted $1.85 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that KB Home will post 8.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Barclays lowered their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Bank of America reduced their price objective on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. UBS Group lowered their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.63.

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.