Charles Schwab Investment Management Inc. Has $77.66 Million Stock Position in KB Home (NYSE:KBH)

Charles Schwab Investment Management Inc. lifted its stake in shares of KB Home (NYSE:KBH - Free Report) by 22.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 906,236 shares of the construction company's stock after acquiring an additional 164,010 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.24% of KB Home worth $77,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of KB Home by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company's stock valued at $1,842,000 after acquiring an additional 161 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company's stock worth $1,304,000 after purchasing an additional 162 shares in the last quarter. CWM LLC raised its holdings in KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company's stock worth $169,000 after buying an additional 183 shares during the period. Public Employees Retirement Association of Colorado lifted 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 buying an additional 189 shares in the last quarter. Finally, Jupiter Wealth Management LLC boosted its holdings in shares of KB Home by 1.2% in the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company's stock worth $1,619,000 after buying an additional 225 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

KB Home stock traded up $0.18 on Thursday, reaching $82.86. The company's stock had a trading volume of 628,313 shares, compared to its average volume of 1,212,226. KB Home has a twelve month low of $51.53 and a twelve month high of $89.70. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.73 and a beta of 1.81. The business's fifty day moving average price is $81.33 and its 200 day moving average price is $77.86.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly 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 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%. The business's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 EPS. As a group, equities analysts forecast that KB Home will post 8.44 earnings per share for the current 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 $0.25 dividend. 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 1.21%. KB Home's payout ratio is 12.82%.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.52% of the company's stock.

Analysts Set New Price Targets

KBH has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Barclays raised their price target on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Wells Fargo & Company downgraded KB Home from an "equal weight" rating to an "underweight" rating and increased their price target for the company from $80.00 to $83.00 in a report on Monday, October 7th. Bank of America boosted their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Finally, Wedbush raised their price objective on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research report 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 assigned a buy rating to the stock. According to data from MarketBeat.com, KB Home has an average rating of "Hold" and a consensus target price of $77.50.

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.