Intech Investment Management LLC Purchases 29,468 Shares of KB Home (NYSE:KBH)

Intech Investment Management LLC lifted its stake in shares of KB Home (NYSE:KBH - Free Report) by 132.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,687 shares of the construction company's stock after buying an additional 29,468 shares during the quarter. Intech Investment Management LLC owned about 0.07% of KB Home worth $4,429,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in KB Home in the 3rd quarter valued at about $32,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of KB Home in the 3rd quarter worth $43,000. Banque Cantonale Vaudoise bought a new position in KB Home during the third quarter valued at about $61,000. Quest Partners LLC lifted its holdings in KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company's stock valued at $87,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock valued at $77,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KBH. Wells Fargo & Company downgraded shares of KB Home from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Bank of America increased their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Barclays increased their price target on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. 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 on the stock. in a research report on Thursday, September 5th. Finally, Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $77.50.

KB Home Price Performance

NYSE:KBH traded up $1.61 during trading hours on Friday, hitting $79.40. The company had a trading volume of 758,461 shares, compared to its average volume of 989,541. The company has a market capitalization of $5.82 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.81. The stock has a 50-day moving average price of $81.65 and a 200 day moving average price of $77.48. KB Home has a 52 week low of $51.53 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released 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). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 earnings per share. Analysts anticipate that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. KB Home's dividend payout ratio is presently 12.82%.

Insider Buying and Selling

In related 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.44% of the stock is owned by insiders.

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.