KB Home (NYSE:KBH) Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC boosted its holdings in shares of KB Home (NYSE:KBH) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,439 shares of the construction company’s stock after buying an additional 673 shares during the quarter. KB Home accounts for 2.0% of RBA Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. RBA Wealth Management LLC’s holdings in KB Home were worth $5,265,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KBH. LSV Asset Management grew its stake in KB Home by 118.4% during the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after purchasing an additional 572,800 shares in the last quarter. Swedbank AB purchased a new stake in shares of KB Home during the first quarter worth approximately $13,047,000. WINTON GROUP Ltd raised 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 acquiring an additional 182,595 shares in the last quarter. American Century Companies Inc. lifted its stake in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after acquiring an additional 147,326 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of KB Home by 190.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company’s stock valued at $7,348,000 after purchasing an additional 68,697 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Trading Down 3.0 %

NYSE:KBH traded down $2.45 on Tuesday, hitting $78.65. 731,485 shares of the company’s stock traded hands, compared to its average volume of 1,240,601. The firm has a 50-day moving average price of $82.90 and a 200-day moving average price of $75.25. KB Home has a 1 year low of $42.19 and a 1 year high of $89.70. The company has a market cap of $5.91 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business earned $1.80 earnings per share. On average, research analysts forecast that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio is currently 13.23%.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KBH. 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 for the company. in a research report on Thursday, September 5th. Bank of America raised their price objective on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. The Goldman Sachs Group upped their price target on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Barclays upped their price target on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Wedbush lifted their price objective on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.50.

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.