Segall Bryant & Hamill LLC Sells 12,135 Shares of KB Home (NYSE:KBH)

Segall Bryant & Hamill LLC lowered its stake in shares of KB Home (NYSE:KBH) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 69,170 shares of the construction company’s stock after selling 12,135 shares during the quarter. Segall Bryant & Hamill LLC owned 0.09% of KB Home worth $5,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LSV Asset Management raised its stake in shares of KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after acquiring an additional 572,800 shares during the period. Swedbank AB bought a new stake in KB Home in the first quarter worth about $13,047,000. WINTON GROUP Ltd boosted its position in shares of KB Home by 754.7% during the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after buying an additional 182,595 shares during the period. American Century Companies Inc. grew its stake in shares of 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 last quarter. Finally, Empowered Funds LLC raised its holdings in shares of KB Home by 201.8% in the third quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after buying an additional 144,854 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’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 value of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on KBH shares. 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 report on Monday, October 7th. 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. Wedbush boosted their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Barclays raised their target price on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Stock Down 0.2 %

Shares of NYSE:KBH opened at $77.79 on Friday. KB Home has a 52-week low of $51.53 and a 52-week high of $89.70. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.66 and a beta of 1.81. The business has a 50-day moving average price of $81.87 and a 200-day moving average price of $77.42.

KB Home (NYSE:KBH) last released its quarterly earnings data 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). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company earned $1.80 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts anticipate that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 1.29%. KB Home’s payout ratio is 12.82%.

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.