Los Angeles Capital Management LLC Boosts Stock Holdings in KB Home (NYSE:KBH)

Los Angeles Capital Management LLC grew its position in KB Home (NYSE:KBH) by 21.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,218 shares of the construction company’s stock after purchasing an additional 5,094 shares during the period. Los Angeles Capital Management LLC’s holdings in KB Home were worth $2,504,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KBH. Financial Management Professionals Inc. bought a new position in shares of KB Home during the 3rd quarter worth approximately $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of KB Home during the third quarter valued at approximately $43,000. Plato Investment Management Ltd lifted its holdings in KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after acquiring an additional 452 shares during the period. Tortoise Investment Management LLC boosted its position in KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after purchasing an additional 963 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in KB Home by 23.4% in the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after purchasing an additional 241 shares during the period. 96.09% of the stock is owned by institutional investors.

KB Home Trading Down 4.4 %

KBH stock opened at $79.17 on Wednesday. The firm has a 50 day moving average of $82.11 and a 200-day moving average of $76.90. The firm has a market capitalization of $5.81 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81. KB Home has a 12 month low of $50.38 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 EPS. Sell-side analysts predict that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is 12.82%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lifted their target price on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Wedbush boosted their target price on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company downgraded KB Home from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average price target of $77.50.

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.