Factorial Partners LLC Lowers Stake in KB Home (NYSE:KBH)

Factorial Partners LLC cut its holdings in KB Home (NYSE:KBH - Free Report) by 53.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,500 shares of the construction company's stock after selling 6,300 shares during the quarter. Factorial Partners LLC's holdings in KB Home were worth $386,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KBH. Capstone Investment Advisors LLC purchased a new stake in shares of KB Home during the 1st quarter valued at about $935,000. Hancock Whitney Corp raised its position in KB Home by 311.0% during the first 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 period. International Assets Investment Management LLC bought a new stake in shares of KB Home in the 4th quarter valued at approximately $733,000. Virtu Financial LLC purchased a new position in shares of KB Home in the 1st quarter worth approximately $1,078,000. Finally, Entropy Technologies LP bought a new position in shares of KB Home during the 1st quarter valued at approximately $640,000. Institutional investors own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

KBH has been the topic of a number of analyst reports. Royal Bank of Canada cut shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective on the stock. in a research report on Thursday, September 5th. Wells Fargo & Company raised their price objective on shares of KB Home from $70.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Monday. Evercore ISI increased their price target on KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Keefe, Bruyette & Woods boosted their price objective on KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a report on Thursday, June 20th. Finally, The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $73.71.

KB Home Stock Down 1.0 %

Shares of NYSE:KBH traded down $0.79 during trading on Wednesday, hitting $79.71. The stock had a trading volume of 1,276,162 shares, compared to its average volume of 1,260,468. KB Home has a 12-month low of $42.11 and a 12-month high of $88.31. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The stock has a 50-day simple moving average of $79.25 and a two-hundred day simple moving average of $72.02.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.37. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. As a group, sell-side analysts forecast that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, August 8th. KB Home's dividend payout ratio is currently 13.23%.

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.