Fmr LLC Acquires 1,752,498 Shares of KB Home (NYSE:KBH)

FMR LLC grew its holdings in KB Home (NYSE:KBH - Free Report) by 47.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,411,255 shares of the construction company's stock after acquiring an additional 1,752,498 shares during the period. FMR LLC owned 7.38% of KB Home worth $463,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC grew its holdings in KB Home by 3.4% during the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company's stock valued at $189,047,000 after purchasing an additional 73,051 shares during the period. American Century Companies Inc. grew its stake in shares of KB Home by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after acquiring an additional 147,326 shares during the period. LSV Asset Management increased its holdings in KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock worth $74,138,000 after acquiring an additional 572,800 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock worth $77,655,000 after acquiring an additional 164,010 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in KB Home by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company's stock valued at $61,250,000 after purchasing an additional 3,993 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on KBH shares. Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price target on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Wedbush upped their price objective on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Royal Bank of Canada cut KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. Finally, Bank of America upped their price target on KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Four equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $77.50.

Insiders Place Their Bets

In other KB Home 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 value 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.44% of the stock is owned by insiders.

KB Home Price Performance

Shares of NYSE:KBH traded down $0.12 during trading on Friday, hitting $82.74. The company had a trading volume of 381,439 shares, compared to its average volume of 1,208,629. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. The company has a fifty day simple moving average of $81.24 and a two-hundred day simple moving average of $78.00. KB Home has a one year low of $51.53 and a one year high of $89.70.

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

KB Home Announces Dividend

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. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, November 14th. KB Home's dividend payout ratio (DPR) is currently 12.82%.

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.