KB Home (NYSE:KBH) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in KB Home (NYSE:KBH - Free Report) by 75.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,953 shares of the construction company's stock after selling 78,755 shares during the period. Assenagon Asset Management S.A.'s holdings in KB Home were worth $2,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in KB Home by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company's stock worth $1,304,000 after purchasing an additional 162 shares in the last quarter. CWM LLC lifted its holdings in shares of KB Home by 10.2% in the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company's stock worth $169,000 after buying an additional 183 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company's stock worth $353,000 after buying an additional 189 shares in the last quarter. US Bancorp DE increased its stake in shares of KB Home by 1.6% during the first quarter. US Bancorp DE now owns 12,317 shares of the construction company's stock valued at $873,000 after buying an additional 191 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of KB Home by 23.4% in the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company's stock valued at $109,000 after acquiring an additional 241 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Down 0.7 %

Shares of KBH stock traded down $0.54 during trading hours on Friday, hitting $77.96. 935,551 shares of the company's stock were exchanged, compared to its average volume of 1,235,179. The firm has a 50 day moving average of $82.58 and a two-hundred day moving average of $75.83. KB Home has a fifty-two week low of $47.97 and a fifty-two week high of $89.70. The firm has a market cap of $5.72 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.67 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. On average, equities analysts forecast that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. KB Home's payout ratio is currently 12.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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. Wells Fargo & Company downgraded KB Home from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $80.00 to $83.00 in a report on Monday, October 7th. Bank of America lifted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Wedbush increased their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Finally, Barclays lifted their price objective on KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Four 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. According to data from MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average price target of $77.50.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,737,156.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.