Beck Bode LLC Sells 22,372 Shares of KB Home (NYSE:KBH)

Beck Bode LLC lowered its position in KB Home (NYSE:KBH - Free Report) by 46.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,382 shares of the construction company's stock after selling 22,372 shares during the quarter. Beck Bode LLC's holdings in KB Home were worth $1,781,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KBH. Norges Bank acquired a new stake in KB Home in the fourth quarter valued at $36,761,000. LSV Asset Management lifted its stake in shares of KB Home by 118.4% during the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock worth $74,138,000 after buying an additional 572,800 shares during the last quarter. Swedbank AB acquired a new stake in shares of KB Home during the 1st quarter worth about $13,047,000. WINTON GROUP Ltd lifted its stake in shares of 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. Finally, American Century Companies Inc. lifted its stake in shares of KB Home by 9.6% during the 2nd 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 last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Stock Down 0.1 %

KBH stock traded down $0.12 during midday trading on Wednesday, reaching $86.63. 1,172,799 shares of the company's stock traded hands, compared to its average volume of 1,251,621. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.80 and a beta of 1.81. The firm's fifty day moving average price is $81.06 and its 200-day moving average price is $72.69. KB Home has a 52 week low of $42.11 and a 52 week high of $89.37.

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, topping the consensus estimate of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. Analysts forecast that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. KB Home's payout ratio is 13.23%.

Analyst Upgrades and Downgrades

KBH has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of KB Home from $74.00 to $77.00 and gave the stock a "market perform" rating in a research note on Thursday, June 20th. Wells Fargo & Company lifted 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, September 9th. The Goldman Sachs Group lifted their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Wedbush reissued a "neutral" rating and issued a $67.00 target price on shares of KB Home in a report on Thursday, September 12th. Finally, Royal Bank of Canada lowered 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. Three investment 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. According to data from MarketBeat.com, KB Home has an average rating of "Hold" and a consensus price target of $73.71.

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.