SG Americas Securities LLC Boosts Holdings in KB Home (NYSE:KBH)

SG Americas Securities LLC increased its holdings in shares of KB Home (NYSE:KBHFree Report) by 109.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,195 shares of the construction company’s stock after buying an additional 4,801 shares during the period. SG Americas Securities LLC’s holdings in KB Home were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in shares of KB Home during the third quarter worth $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home during the 3rd quarter worth $43,000. Versant Capital Management Inc increased its holdings in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the 3rd quarter valued at about $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home in the 3rd quarter valued at about $61,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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 Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on KBH. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Wells Fargo & Company dropped their price objective on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday. Barclays decreased their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Bank of America decreased their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average target price of $76.21.

Read Our Latest Research Report on KBH

KB Home Stock Performance

KBH opened at $68.80 on Friday. The stock has a market capitalization of $5.05 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86. KB Home has a one year low of $58.15 and a one year high of $89.70. The business’s 50-day simple moving average is $71.05 and its 200-day simple moving average is $77.91.

KB Home (NYSE:KBHGet Free Report) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. On average, equities research analysts forecast that KB Home will post 8.5 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.25 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.45%. KB Home’s dividend payout ratio (DPR) is 11.81%.

KB Home Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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