Empowered Funds LLC Increases Stock Holdings in KB Home (NYSE:KBH)

Empowered Funds LLC lifted its holdings in shares of KB Home (NYSE:KBH - Free Report) by 201.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 216,645 shares of the construction company's stock after acquiring an additional 144,854 shares during the period. Empowered Funds LLC owned 0.30% of KB Home worth $18,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in shares of KB Home in the 3rd quarter valued at about $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in KB Home in the third quarter valued at approximately $43,000. Plato Investment Management Ltd boosted its holdings in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock valued at $77,000 after acquiring an additional 452 shares during the period. Tortoise Investment Management LLC grew its position in shares of KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock worth $78,000 after acquiring an additional 963 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of KB Home by 23.4% in the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company's stock valued at $109,000 after acquiring an additional 241 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents 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. Insiders own 4.44% of the company's stock.

Analyst Ratings Changes

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

KB Home Stock Performance

KBH stock traded up $0.01 during trading on Friday, reaching $78.54. 682,685 shares of the company were exchanged, compared to its average volume of 1,224,024. The stock's 50 day moving average price is $82.03 and its 200 day moving average price is $77.02. KB Home has a 52-week low of $51.53 and a 52-week high of $89.70. The company has a market cap of $5.76 billion, a P/E ratio of 9.93, a PEG ratio of 0.67 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last released 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 firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 EPS. As a group, equities research analysts forecast that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. KB Home's dividend payout ratio (DPR) is presently 12.82%.

KB Home Company 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.