Coldstream Capital Management Inc. Makes New $208,000 Investment in KB Home (NYSE:KBH)

Coldstream Capital Management Inc. purchased a new stake in KB Home (NYSE:KBH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,429 shares of the construction company’s stock, valued at approximately $208,000.

A number of other hedge funds also recently made changes to their positions in KBH. Financial Management Professionals Inc. bought a new stake in KB Home in the third quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of KB Home in the 3rd quarter valued at $43,000. Banque Cantonale Vaudoise bought a new position in KB Home during the third quarter worth $61,000. Tortoise Investment Management LLC raised its stake in KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after buying an additional 963 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in KB Home by 101,600.0% in the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after buying an additional 1,016 shares during the period. 96.09% of the stock is currently owned by institutional investors.

KB Home Price Performance

NYSE:KBH opened at $70.44 on Wednesday. KB Home has a one year low of $58.05 and a one year high of $89.70. The company has a market cap of $5.17 billion, a PE ratio of 9.03, a PEG ratio of 0.59 and a beta of 1.81. The firm has a 50-day moving average of $79.45 and a 200-day moving average of $78.53.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 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 for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, November 14th. KB Home’s payout ratio is currently 12.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KBH shares. Barclays lowered KB Home from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $99.00 to $85.00 in a research report on Wednesday, December 11th. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Bank of America boosted their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company reduced their price target on shares of KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.17.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.44% of the company’s stock.

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.