KB Home (NYSE:KBH) Stock Holdings Decreased by Blueshift Asset Management LLC

Blueshift Asset Management LLC reduced its position in KB Home (NYSE:KBH) by 17.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,616 shares of the construction company’s stock after selling 536 shares during the quarter. Blueshift Asset Management LLC’s holdings in KB Home were worth $224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KBH. FMR LLC boosted its position in KB Home by 47.9% during the 3rd 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. Fisher Asset Management LLC boosted its stake in 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 valued at $189,047,000 after purchasing an additional 73,051 shares in the last quarter. American Century Companies Inc. boosted its position in shares of 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 valued at $118,244,000 after purchasing an additional 147,326 shares in the last quarter. LSV Asset Management increased its holdings 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 valued at $74,138,000 after buying an additional 572,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of KB Home by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after purchasing an additional 164,010 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Down 0.1 %

Shares of KBH stock opened at $82.79 on Friday. KB Home has a 12 month low of $51.53 and a 12 month high of $89.70. The firm has a market cap of $6.07 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. The stock has a 50 day moving average of $81.24 and a 200-day moving average of $77.95.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company earned $1.80 earnings per share. KB Home’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is presently 12.82%.

Analysts Set New Price Targets

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

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.44% of the company’s stock.

KB Home Company 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.