Segall Bryant & Hamill LLC Lowers Stake in KB Home (NYSE:KBH)

Segall Bryant & Hamill LLC trimmed its stake in KB Home (NYSE:KBH - Free Report) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,170 shares of the construction company's stock after selling 12,135 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of KB Home worth $5,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hancock Whitney Corp lifted its position in KB Home by 311.0% during the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company's stock valued at $1,150,000 after acquiring an additional 12,273 shares during the period. Virtu Financial LLC purchased a new position in KB Home during the 1st quarter valued at about $1,078,000. Tidal Investments LLC purchased a new position in KB Home during the 1st quarter valued at about $1,177,000. Comerica Bank lifted its position in KB Home by 123.0% during the 1st quarter. Comerica Bank now owns 75,154 shares of the construction company's stock valued at $5,327,000 after acquiring an additional 41,452 shares during the period. Finally, Cetera Investment Advisers purchased a new position in KB Home during the 1st quarter valued at about $1,588,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Trading Up 2.0 %

NYSE KBH traded up $1.59 during trading hours on Friday, hitting $79.38. 758,454 shares of the company's stock traded hands, compared to its average volume of 1,216,545. The business's fifty day moving average price is $81.78 and its two-hundred day moving average price is $77.42. The firm has a market capitalization of $5.82 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.66 and a beta of 1.81. KB Home has a 52 week low of $51.53 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results 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 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 business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 earnings per share. On average, sell-side analysts expect that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.26%. KB Home's dividend payout ratio (DPR) is 12.82%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred 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 transaction, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KBH has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Barclays raised their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Royal Bank of Canada lowered shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective for the company. in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Finally, Wedbush raised their price objective 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. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $77.50.

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.