KB Home (NYSE:KBH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in KB Home (NYSE:KBH - Free Report) by 92.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,394 shares of the construction company's stock after selling 50,298 shares during the period. SG Americas Securities LLC's holdings in KB Home were worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its stake in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after acquiring an additional 147,326 shares during the period. LSV Asset Management grew its position in shares of KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after purchasing an additional 572,800 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in KB Home by 2.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company's stock worth $63,692,000 after purchasing an additional 18,981 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in KB Home by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company's stock worth $61,250,000 after buying an additional 3,993 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in KB Home by 10.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company's stock valued at $48,843,000 after buying an additional 67,628 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

KB Home Price Performance

NYSE KBH traded up $1.53 during trading on Friday, hitting $85.26. 951,848 shares of the company's stock traded hands, compared to its average volume of 1,244,518. KB Home has a 12-month low of $42.11 and a 12-month high of $89.70. The stock has a fifty day moving average of $82.87 and a two-hundred day moving average of $75.09. The firm has a market cap of $6.41 billion, a P/E ratio of 11.28, a PEG ratio of 0.69 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last posted its 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). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter last year, the company posted $1.80 EPS. The firm's revenue was up 10.3% on a year-over-year basis. As a group, analysts expect that KB Home will post 8.41 earnings per share for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.17%. KB Home's payout ratio is 13.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 report on Wednesday, September 25th. Wells Fargo & Company downgraded 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 research report on Monday, October 7th. Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. The Goldman Sachs Group lifted their target price on KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Finally, Bank of America increased their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, KB Home currently has an average rating of "Hold" and a consensus target price of $77.50.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction 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 owns 34,473 shares in the company, valued at $2,737,156.20. The trade was a 0.00 % decrease in their position. The sale 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.

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.