19,713 Shares in KB Home (NYSE:KBH) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of KB Home (NYSE:KBH - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,713 shares of the construction company's stock, valued at approximately $1,689,000.

Several other large investors have also recently added to or reduced their stakes in KBH. FMR LLC increased its position in KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock worth $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp increased its holdings in shares of KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock valued at $303,285,000 after purchasing an additional 45,311 shares during the period. Fisher Asset Management LLC increased its holdings in shares of KB Home by 3.4% during the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company's stock valued at $189,047,000 after purchasing an additional 73,051 shares during the period. American Century Companies Inc. increased its holdings in shares of KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after purchasing an additional 147,326 shares during the period. Finally, LSV Asset Management increased its holdings in shares of KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after purchasing an additional 572,800 shares during the period. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank of Canada lowered KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. Bank of America raised their price objective on KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Barclays lifted their price target on KB Home from $78.00 to $99.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company lowered KB Home from an "equal weight" rating to an "underweight" rating and lifted their price objective for the stock from $80.00 to $83.00 in a report on Monday, October 7th. Finally, Wedbush boosted their price target on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of "Hold" and an average price target of $77.50.

KB Home Stock Performance

NYSE:KBH traded up $0.16 during mid-day trading on Friday, hitting $78.53. 883,786 shares of the stock were exchanged, compared to its average volume of 818,904. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The firm's 50-day simple moving average is $80.72 and its 200 day simple moving average is $78.32. KB Home has a fifty-two week low of $54.94 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced 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). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates 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 was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 earnings per share. On average, analysts predict that KB Home will post 8.42 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 1.27%. KB Home's dividend payout ratio is currently 12.82%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated 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 directly owns 34,473 shares of the company's stock, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.44% of the stock is currently owned by corporate insiders.

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.