UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in KB Home (NYSE:KBH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of KB Home (NYSE:KBH - Free Report) by 39.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 208,105 shares of the construction company's stock after selling 136,644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of KB Home worth $17,833,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. LSV Asset Management grew its stake in shares of KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock worth $74,138,000 after acquiring an additional 572,800 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in KB Home by 754.7% in the second 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 period. Charles Schwab Investment Management Inc. grew its stake in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock worth $77,655,000 after purchasing an additional 164,010 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in 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 purchasing an additional 147,326 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KBH. Wedbush lifted their price objective on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Wells Fargo & Company cut shares of KB Home from an "equal weight" rating to an "underweight" rating and boosted their price target for the stock from $80.00 to $83.00 in a report on Monday, October 7th. Bank of America raised their price objective 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. Royal Bank of Canada downgraded shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 target price for the company. in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group raised their price target on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $77.50.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.44% of the stock is owned by company insiders.

KB Home Stock Up 0.2 %

KBH traded up $0.16 on Friday, hitting $78.53. 883,786 shares of the company traded hands, compared to its average volume of 818,904. The stock has a market capitalization of $5.76 billion, a PE ratio of 10.07, a PEG ratio of 0.63 and a beta of 1.81. The company has a 50 day moving average of $80.72 and a 200-day moving average of $78.26. KB Home has a 12-month low of $54.94 and a 12-month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $1.80 earnings per share. KB Home's revenue was up 10.3% on a year-over-year basis. On average, research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, November 14th. KB Home's dividend payout ratio is currently 12.82%.

About KB Home

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.