Nordea Investment Management AB Purchases 6,195 Shares of KB Home (NYSE:KBH)

Nordea Investment Management AB increased its position in shares of KB Home (NYSE:KBH) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,056 shares of the construction company’s stock after acquiring an additional 6,195 shares during the period. Nordea Investment Management AB owned about 0.21% of KB Home worth $10,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in shares of KB Home in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of KB Home during the 3rd quarter worth $43,000. Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the third quarter valued at about $59,000. Banque Cantonale Vaudoise bought a new position in KB Home in the third quarter valued at about $61,000. Finally, Versant Capital Management Inc raised its stake in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KBH. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. UBS Group decreased their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America upped their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $99.00 to $85.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their target price on KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.25.

KB Home Price Performance

Shares of KBH opened at $65.23 on Thursday. The business has a 50-day moving average of $74.72 and a 200-day moving average of $78.07. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. KB Home has a 1 year low of $58.05 and a 1 year high of $89.70.

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.