SG Americas Securities LLC Boosts Holdings in KB Home (NYSE:KBH)

SG Americas Securities LLC lifted its position in KB Home (NYSE:KBH - Free Report) by 109.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,195 shares of the construction company's stock after buying an additional 4,801 shares during the quarter. SG Americas Securities LLC's holdings in KB Home were worth $604,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KBH. Wealth Enhancement Advisory Services LLC lifted its position in KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company's stock valued at $1,842,000 after purchasing an additional 161 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of KB Home by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company's stock worth $1,304,000 after acquiring an additional 162 shares during the last quarter. CWM LLC lifted its holdings in shares of 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 acquiring an additional 183 shares during the last quarter. Jupiter Wealth Management LLC grew its position in 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 acquiring an additional 225 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in KB Home by 23.4% in the third 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 last quarter. 96.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KBH. Evercore ISI upped their price objective on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Bank of America reduced their price target on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of KB Home from $70.00 to $65.00 and set an "underweight" rating for the company in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $76.21.

KB Home Trading Down 2.4 %

KBH traded down $1.62 during midday trading on Monday, reaching $65.48. 955,317 shares of the company's stock traded hands, compared to its average volume of 1,578,284. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.97 and a beta of 1.86. KB Home has a 52 week low of $58.15 and a 52 week high of $89.70. The firm has a fifty day moving average of $70.62 and a two-hundred day moving average of $77.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. On average, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home's dividend payout ratio is currently 11.81%.

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.