Pathstone Holdings LLC Purchases 263 Shares of KB Home (NYSE:KBH)

Pathstone Holdings LLC raised its position in shares of KB Home (NYSE:KBH) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,528 shares of the construction company’s stock after acquiring an additional 263 shares during the period. Pathstone Holdings LLC’s holdings in KB Home were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hancock Whitney Corp boosted its stake in shares of KB Home by 311.0% in the first quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company’s stock valued at $1,150,000 after buying an additional 12,273 shares during the period. Virtu Financial LLC bought a new stake in shares of KB Home in the first quarter valued at approximately $1,078,000. Tidal Investments LLC bought a new stake in shares of KB Home in the first quarter valued at approximately $1,177,000. Comerica Bank boosted its stake in shares of KB Home by 123.0% in the first quarter. Comerica Bank now owns 75,154 shares of the construction company’s stock valued at $5,327,000 after buying an additional 41,452 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of KB Home in the first quarter valued at approximately $1,588,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Up 0.2 %

Shares of KBH opened at $82.86 on Thursday. The stock has a market capitalization of $6.08 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.73 and a beta of 1.81. The firm’s fifty day simple moving average is $81.47 and its two-hundred day simple moving average is $77.82. KB Home has a 12 month low of $51.53 and a 12 month high of $89.70.

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

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.21%. KB Home’s dividend payout ratio (DPR) is 12.82%.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s 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 owns 34,473 shares in the company, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.52% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the subject of several recent research reports. Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Bank of America boosted their price objective 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. 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 for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group boosted 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. Finally, Wedbush upped their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.50.

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.