Bank of Montreal Can Has $3.85 Million Stock Holdings in KB Home (NYSE:KBH)

Bank of Montreal Can lifted its stake in shares of KB Home (NYSE:KBH) by 12.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,766 shares of the construction company’s stock after purchasing an additional 4,875 shares during the period. Bank of Montreal Can owned approximately 0.06% of KB Home worth $3,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC lifted its stake in KB Home by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock worth $189,047,000 after acquiring an additional 73,051 shares in the last quarter. American Century Companies Inc. lifted its stake in KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after acquiring an additional 147,326 shares in the last quarter. LSV Asset Management lifted its stake in KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after acquiring an additional 572,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in KB Home by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock worth $61,250,000 after purchasing an additional 3,993 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Down 3.7 %

KBH opened at $79.69 on Thursday. The firm has a market capitalization of $5.84 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81. The stock’s 50 day moving average price is $80.99 and its two-hundred day moving average price is $78.18. KB Home has a 12-month low of $54.00 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the business posted $1.80 EPS. KB Home’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that KB Home will post 8.44 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. KB Home’s dividend payout ratio is currently 12.82%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KBH. Wedbush upped their target price on KB Home from $67.00 to $75.00 and gave the stock 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 upped their target price 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 stock a “neutral” rating in a research report on Tuesday, September 3rd. Barclays increased their price objective on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Bank of America increased their price objective on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.50.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’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 transaction of $2,183,500.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.52% of the company’s stock.

KB Home Company 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.