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KB Home (NYSE:KBH) Shares Acquired by Centiva Capital LP

KB Home logo with Construction background

Centiva Capital LP grew its holdings in KB Home (NYSE:KBH - Free Report) by 72.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,214 shares of the construction company's stock after purchasing an additional 6,380 shares during the quarter. Centiva Capital LP's holdings in KB Home were worth $1,304,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in shares of KB Home in the 3rd quarter worth $32,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of KB Home in the 3rd quarter valued at about $43,000. Banque Cantonale Vaudoise purchased a new position in shares of KB Home in the 3rd quarter worth approximately $61,000. Quest Partners LLC raised 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 worth $87,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock valued at $78,000 after acquiring an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Performance

NYSE KBH traded down $1.32 during mid-day trading on Thursday, reaching $78.37. 1,276,320 shares of the stock were exchanged, compared to its average volume of 1,203,463. The company has a market capitalization of $5.75 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.65 and a beta of 1.81. The business's 50 day moving average is $80.99 and its 200-day moving average is $78.18. KB Home has a 1 year low of $54.94 and a 1 year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company's revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 earnings per share. Equities analysts predict that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm 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 was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. KB Home's dividend payout ratio (DPR) is 12.82%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KBH has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Royal Bank of Canada lowered KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. Bank of America lifted their target price 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 upped their price target on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company downgraded shares of 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 research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, KB Home currently has an average rating of "Hold" and an average price target of $77.50.

Check Out Our Latest Analysis on KBH

About KB Home

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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