Barclays PLC Has $16.82 Million Stock Holdings in KB Home (NYSE:KBH)

Barclays PLC lifted its stake in KB Home (NYSE:KBH - Free Report) by 24.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,229 shares of the construction company's stock after acquiring an additional 38,638 shares during the period. Barclays PLC owned approximately 0.27% of KB Home worth $16,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew 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 worth $1,842,000 after purchasing an additional 161 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of 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 buying an additional 162 shares during the period. CWM LLC grew its position in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company's stock worth $169,000 after buying an additional 183 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company's stock valued at $353,000 after acquiring an additional 189 shares during the period. Finally, Jupiter Wealth Management LLC raised its holdings 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 acquiring an additional 225 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

KB Home Trading Down 2.9 %

NYSE KBH traded down $2.11 during trading hours on Friday, reaching $71.42. 1,404,640 shares of the company's stock were exchanged, compared to its average volume of 1,203,725. The firm has a fifty day moving average of $79.83 and a 200-day moving average of $78.45. KB Home has a one year low of $58.05 and a one year high of $89.70. The stock has a market cap of $5.24 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). The business 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%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 earnings per share. As a group, research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 dividend yield of 1.40%. KB Home's payout ratio is 12.82%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction on 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 owns 34,473 shares of the company's stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.44% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on KB Home from $92.50 to $82.00 and set a "neutral" rating on the stock in a report on Friday. Bank of America lifted their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Barclays downgraded shares of KB Home from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $99.00 to $85.00 in a report on Wednesday. Wells Fargo & Company cut shares of KB Home from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Finally, The Goldman Sachs Group raised their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $79.92.

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.