KB Home (NYSE:KBH) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its holdings in shares of KB Home (NYSE:KBH - Free Report) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,427 shares of the construction company's stock after selling 7,309 shares during the period. Loomis Sayles & Co. L P owned approximately 0.26% of KB Home worth $16,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hancock Whitney Corp raised its position in shares of KB Home by 311.0% in the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company's stock valued at $1,150,000 after purchasing an additional 12,273 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of KB Home during the first quarter worth $1,078,000. Tidal Investments LLC purchased a new stake in shares of KB Home during the first quarter valued at $1,177,000. Comerica Bank raised its stake in KB Home by 123.0% in the 1st quarter. Comerica Bank now owns 75,154 shares of the construction company's stock worth $5,327,000 after acquiring an additional 41,452 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in KB Home during the 1st quarter worth about $1,588,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction that occurred 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 directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.52% of the company's stock.

Analyst Ratings Changes

KBH has been the topic of a number of research reports. Bank of America increased their price objective on KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Royal Bank of Canada lowered shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. 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. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company cut KB Home from an "equal weight" rating to an "underweight" rating and boosted their price objective 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 assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $77.50.

KB Home Trading Up 0.2 %

NYSE:KBH traded up $0.18 during trading hours on Wednesday, reaching $82.86. 628,261 shares of the company were exchanged, compared to its average volume of 1,212,226. The stock's 50-day moving average is $81.54 and its 200-day moving average is $77.79. KB Home has a twelve month low of $51.53 and a twelve month high of $89.70. The firm has a market cap of $6.08 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.81.

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). The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 earnings per share. As a group, research analysts anticipate that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.21%. KB Home's dividend payout ratio is presently 12.82%.

KB Home Company 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.