Signaturefd LLC Has $805,000 Position in KB Home (NYSE:KBH)

Signaturefd LLC cut its holdings in shares of KB Home (NYSE:KBH) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,394 shares of the construction company’s stock after selling 288 shares during the period. Signaturefd LLC’s holdings in KB Home were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new stake in shares of KB Home in the first quarter worth $60,000. Plato Investment Management Ltd increased its stake in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after buying an additional 452 shares during the period. Tortoise Investment Management LLC raised its position in shares of 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 acquiring an additional 963 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of KB Home by 134.4% in the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after acquiring an additional 652 shares during the period. Finally, Blue Trust Inc. boosted its holdings in KB Home by 23.4% in the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after acquiring an additional 241 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Stock Performance

Shares of KBH stock opened at $78.65 on Friday. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.69 and a beta of 1.81. KB Home has a 52-week low of $42.27 and a 52-week high of $89.70. The company has a 50-day simple moving average of $82.80 and a two-hundred day simple moving average of $75.36.

KB Home (NYSE:KBH) last released its earnings results 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). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $1.80 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. On average, sell-side analysts forecast that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is currently 13.23%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KBH. Barclays boosted their price target 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. Wedbush upped their price target 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. Wells Fargo & Company lowered KB Home from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. The Goldman Sachs Group upped their target price on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Bank of America boosted their price target on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $77.50.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.44% of the stock is owned by company insiders.

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.