Chicago Equity Partners LLC raised its stake in shares of KB Home (NYSE:KBH) by 35.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,925 shares of the construction company’s stock after purchasing an additional 67,770 shares during the period. Chicago Equity Partners LLC owned 0.30% of KB Home worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Creative Planning grew its stake in shares of KB Home by 34.9% during the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after buying an additional 1,110 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of KB Home by 18.0% during the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after buying an additional 991 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after buying an additional 1,241 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of KB Home during the second quarter valued at approximately $201,000. Finally, Hartford Investment Management Co. bought a new position in shares of KB Home during the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 89.08% of the company’s stock.
KBH has been the topic of a number of analyst reports. MKM Partners reaffirmed a “neutral” rating on shares of KB Home in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “hold” rating on shares of KB Home in a research note on Tuesday, September 26th. Wedbush reaffirmed a “buy” rating and set a $26.00 target price on shares of KB Home in a research note on Friday, September 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of KB Home in a research note on Tuesday, August 29th. Finally, Credit Suisse Group increased their price objective on KB Home from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, September 29th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.44.
Shares of KB Home (KBH) traded down $0.14 during midday trading on Thursday, reaching $28.90. The company’s stock had a trading volume of 1,040,400 shares, compared to its average volume of 2,534,750. The company has a market cap of $2,511.97, a PE ratio of 20.89, a PEG ratio of 0.84 and a beta of 1.66. KB Home has a 1-year low of $15.03 and a 1-year high of $29.20.
KB Home (NYSE:KBH) last announced its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. research analysts predict that KB Home will post 1.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. KB Home’s dividend payout ratio is presently 7.19%.
In other news, EVP Albert Z. Praw sold 150,000 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $25.85, for a total transaction of $3,877,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian J. Woram sold 49,529 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total value of $1,342,731.19. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
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About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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