Swedbank AB lowered its position in shares of KB Home (NYSE:KBH - Free Report) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,715 shares of the construction company's stock after selling 32,988 shares during the period. Swedbank AB owned approximately 0.19% of KB Home worth $11,629,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in KB Home by 118.4% in 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 in the last quarter. WINTON GROUP Ltd boosted 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 worth $14,512,000 after buying an additional 182,595 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $77,655,000 after purchasing an additional 164,010 shares during the period. American Century Companies Inc. grew its position in KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after buying an additional 147,326 shares during the period. Finally, Empowered Funds LLC grew its position in shares of KB Home by 201.8% during the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company's stock valued at $18,564,000 after acquiring an additional 144,854 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.
In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business's 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 completion of the transaction, the chief financial officer now owns 34,473 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 3.52% of the stock is currently owned by insiders.
Shares of NYSE KBH opened at $82.69 on Wednesday. The stock has a market capitalization of $6.06 billion, a P/E ratio of 10.60, a PEG ratio of 0.68 and a beta of 1.81. KB Home has a 1-year low of $51.53 and a 1-year high of $89.70. The business's 50 day moving average is $81.54 and its two-hundred day moving average is $77.79.
KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that KB Home will post 8.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. KB Home's dividend payout ratio is presently 12.82%.
Several research analysts have recently commented on KBH shares. Wells Fargo & Company downgraded KB Home from an "equal weight" rating to an "underweight" rating and raised their price objective for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. Wedbush lifted their price target on shares of KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Royal Bank of Canada downgraded 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. The Goldman Sachs Group increased their target price on KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Finally, Barclays increased their price objective 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. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $77.50.
View Our Latest Analysis on 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.
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