Captrust Financial Advisors Sells 553 Shares of KB Home (NYSE:KBH)

Captrust Financial Advisors cut its stake in shares of KB Home (NYSE:KBH) by 8.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,961 shares of the construction company’s stock after selling 553 shares during the period. Captrust Financial Advisors’ holdings in KB Home were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KBH. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KB Home by 0.8% in 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 lifted its holdings in shares of KB Home by 0.9% in 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 lifted its holdings in shares of KB Home by 10.2% in 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 lifted its holdings in shares of KB Home by 3.9% in 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, Jupiter Wealth Management LLC lifted its holdings in shares of KB Home by 1.2% in the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after acquiring an additional 225 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.52% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the subject of a number of recent research reports. Wedbush boosted their price objective 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. Bank of America lifted their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note 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 target price on the stock. in a research note on Thursday, September 5th. Barclays downgraded shares of KB Home from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $99.00 to $85.00 in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their target price 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $78.96.

KB Home Price Performance

Shares of KB Home stock opened at $73.53 on Friday. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.62 and a beta of 1.81. The firm’s 50-day moving average is $80.04 and its 200 day moving average is $78.38. KB Home has a 1 year low of $54.94 and a 1 year 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). The firm had revenue of $1.75 billion during 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%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. On average, equities analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%.

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.