Wedge Capital Management L L P NC boosted its position in shares of KB Home (NYSE:KBH - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 699,668 shares of the construction company's stock after buying an additional 93,277 shares during the period. Wedge Capital Management L L P NC owned 0.95% of KB Home worth $45,982,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. FMR LLC increased its stake in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock worth $463,690,000 after buying an additional 1,752,498 shares in the last quarter. State Street Corp boosted its holdings in shares of KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock worth $303,285,000 after purchasing an additional 45,311 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of KB Home by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company's stock worth $189,047,000 after purchasing an additional 73,051 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock worth $166,125,000 after purchasing an additional 16,593 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of KB Home during the 3rd quarter worth approximately $89,899,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.
KB Home Price Performance
Shares of NYSE KBH traded down $0.26 during mid-day trading on Friday, hitting $67.99. The company had a trading volume of 1,380,495 shares, compared to its average volume of 952,316. The company has a market capitalization of $4.99 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.86. KB Home has a 1-year low of $58.05 and a 1-year high of $89.70. The business's 50-day simple moving average is $72.80 and its 200 day simple moving average is $77.94.
KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $1.85 earnings per share. On average, analysts expect that KB Home will post 8.42 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on KBH. JPMorgan Chase & Co. lowered their target price on KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a report on Wednesday. Seaport Res Ptn upgraded KB Home from a "strong sell" rating to a "hold" rating in a report on Tuesday. Barclays decreased their price objective on KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday. UBS Group decreased their price objective on KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada upgraded KB Home from an "underperform" rating to a "sector perform" rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $75.79.
Read Our Latest Stock Analysis on KBH
About KB Home
(
Free Report)
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.
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