Aptus Capital Advisors LLC Increases Position in KB Home (NYSE:KBH)

Aptus Capital Advisors LLC raised its holdings in KB Home (NYSE:KBH - Free Report) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,237 shares of the construction company's stock after buying an additional 14,817 shares during the period. Aptus Capital Advisors LLC owned about 0.15% of KB Home worth $9,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. LSV Asset Management lifted its position in KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after acquiring an additional 572,800 shares during the last quarter. Swedbank AB acquired a new stake in shares of KB Home in the 1st quarter valued at about $13,047,000. WINTON GROUP Ltd grew its stake in KB Home by 754.7% during the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock worth $14,512,000 after buying an additional 182,595 shares during the last quarter. American Century Companies Inc. increased its position in KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock worth $118,244,000 after buying an additional 147,326 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in KB Home by 190.8% in the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company's stock valued at $7,348,000 after buying an additional 68,697 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Performance

KBH traded down $0.76 on Wednesday, hitting $78.41. 990,047 shares of the company were exchanged, compared to its average volume of 1,227,323. KB Home has a fifty-two week low of $51.53 and a fifty-two week high of $89.70. The firm has a market capitalization of $5.75 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81. The business's fifty day moving average is $82.07 and its 200 day moving average is $77.00.

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. Analysts forecast that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Announces Dividend

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 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home's dividend payout ratio (DPR) is presently 12.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KBH shares. Royal Bank of Canada cut shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Bank of America lifted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Barclays increased their target price 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 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. Finally, Wedbush upped their price objective on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, KB Home has a consensus rating of "Hold" and a consensus price target of $77.50.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.44% of the company's stock.

About KB Home

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.