Foundry Partners LLC reduced its position in KB Home (NYSE:KBH - Free Report) by 94.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,239 shares of the construction company's stock after selling 104,733 shares during the period. Foundry Partners LLC's holdings in KB Home were worth $535,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of KB Home during the third quarter worth $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the third quarter worth $43,000. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home during the third quarter worth $61,000. Quest Partners LLC boosted its holdings in shares of KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company's stock worth $87,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in shares of KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after purchasing an additional 452 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.
KB Home Stock Up 2.1 %
Shares of KB Home stock traded up $1.61 on Friday, hitting $79.40. 758,461 shares of the company traded hands, compared to its average volume of 989,541. The company has a 50-day moving average price of $81.65 and a 200 day moving average price of $77.48. KB Home has a 12-month low of $51.53 and a 12-month high of $89.70. The company has a market cap of $5.82 billion, a PE ratio of 10.18, a PEG ratio of 0.66 and a beta of 1.81.
KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 earnings per share. Equities research analysts anticipate that KB Home will post 8.44 EPS for the current year.
KB Home Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, November 14th. KB Home's dividend payout ratio is 12.82%.
Analyst Ratings Changes
KBH has been the topic of a number of research analyst reports. Barclays lifted their target price on KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Bank of America lifted their target price on KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Wedbush lifted their target price on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. The Goldman Sachs Group lifted their target price on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company cut KB Home from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $80.00 to $83.00 in a report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $77.50.
Check Out Our Latest Report on KBH
Insiders Place Their Bets
In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.44% of the company's stock.
KB Home Company Profile
(
Free Report)
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.
See Also
Before you consider KB Home, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KB Home wasn't on the list.
While KB Home currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
