Cibc World Markets Corp Buys New Stake in KB Home (NYSE:KBH)

Cibc World Markets Corp acquired a new position in KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,084 shares of the construction company's stock, valued at approximately $400,000.

A number of other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in shares of KB Home by 11.0% during the third quarter. Natixis Advisors LLC now owns 29,868 shares of the construction company's stock worth $2,559,000 after purchasing an additional 2,960 shares during the period. Quest Partners LLC boosted its stake in shares of KB Home by 101,600.0% during the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company's stock valued at $87,000 after buying an additional 1,016 shares during the period. Pathstone Holdings LLC grew its holdings in shares of KB Home by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company's stock valued at $1,759,000 after acquiring an additional 263 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of KB Home in the third quarter worth $61,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of KB Home during the third quarter worth $218,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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 Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.89% of the company's stock.

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KB Home Stock Performance

Shares of KBH stock traded down $3.07 during trading hours on Tuesday, reaching $58.72. 3,877,764 shares of the company's stock were exchanged, compared to its average volume of 1,220,036. KB Home has a fifty-two week low of $58.80 and a fifty-two week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.20 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.90 and a beta of 1.89. The business has a fifty day moving average price of $64.17 and a 200-day moving average price of $72.95.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $1.76 earnings per share. KB Home's revenue for the quarter was down 5.2% on a year-over-year basis. Analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.70%. KB Home's dividend payout ratio is 11.81%.

Wall Street Analyst Weigh In

A number of research analysts have commented on KBH shares. Raymond James restated an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Bank of America lowered their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays cut their price objective on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Wedbush reiterated a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a report on Tuesday. Finally, Royal Bank of Canada cut their target price on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $72.13.

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.