Robeco Institutional Asset Management B.V. Sells 15,682 Shares of KB Home (NYSE:KBH)

Robeco Institutional Asset Management B.V. lessened its position in shares of KB Home (NYSE:KBH - Free Report) by 25.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,774 shares of the construction company's stock after selling 15,682 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of KB Home worth $4,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management raised its stake in 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 period. Swedbank AB acquired a new position in KB Home in the first quarter valued at about $13,047,000. WINTON GROUP Ltd increased its stake in shares of KB Home by 754.7% in the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock valued at $14,512,000 after purchasing an additional 182,595 shares during the last quarter. American Century Companies Inc. lifted its stake in KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after purchasing an additional 147,326 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of KB Home by 190.8% during the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company's stock worth $7,348,000 after purchasing an additional 68,697 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Up 2.2 %

KBH traded up $1.80 during trading on Friday, hitting $82.20. 855,661 shares of the company's stock were exchanged, compared to its average volume of 1,047,392. KB Home has a 1 year low of $50.08 and a 1 year high of $89.70. The stock has a 50 day moving average price of $82.12 and a 200 day moving average price of $76.61. The firm has a market cap of $6.03 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.02). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. Analysts forecast that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, November 14th. KB Home's dividend payout ratio is currently 12.82%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Evercore ISI raised their price objective on KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, July 15th. Barclays lifted their price target on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Bank of America lifted their price target on KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company downgraded KB Home from an "equal weight" rating to an "underweight" rating and boosted their price target for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, KB Home currently has an average rating of "Hold" and a consensus target price of $77.50.

Insider Activity at KB Home

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 of the company's stock, valued at $2,737,156.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.