369 Shares in KB Home (NYSE:KBH) Acquired by Financial Management Professionals Inc.

Financial Management Professionals Inc. bought a new position in KB Home (NYSE:KBH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 369 shares of the construction company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of KB Home by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after acquiring an additional 161 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of KB Home by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after acquiring an additional 162 shares during the last quarter. CWM LLC boosted its stake in shares of KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after acquiring an additional 183 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after acquiring an additional 189 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of KB Home by 1.6% during the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.44% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the topic of several analyst reports. Wedbush lifted their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price objective 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. Royal Bank of Canada downgraded 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 raised their price objective for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Finally, Evercore ISI raised their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KB Home currently has an average rating of “Hold” and an average target price of $77.50.

KB Home Stock Performance

Shares of NYSE KBH opened at $78.05 on Monday. The company has a market cap of $5.87 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.67 and a beta of 1.81. The firm’s fifty day moving average is $82.78 and its two-hundred day moving average is $75.50. KB Home has a 52-week low of $42.27 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last announced 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 net margin of 9.31% and a return on equity of 15.69%. 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 firm posted $1.80 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. As a group, analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. KB Home’s payout ratio is currently 13.23%.

KB Home 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.