Intech Investment Management LLC Grows Position in KB Home (NYSE:KBH)

Intech Investment Management LLC boosted its holdings in KB Home (NYSE:KBH) by 132.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,687 shares of the construction company’s stock after buying an additional 29,468 shares during the quarter. Intech Investment Management LLC owned 0.07% of KB Home worth $4,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KBH. LSV Asset Management raised its holdings in shares of KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after purchasing an additional 572,800 shares during the last quarter. Swedbank AB purchased a new stake in KB Home during the 1st quarter valued at $13,047,000. WINTON GROUP Ltd raised its stake in KB Home by 754.7% during the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after buying an additional 182,595 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of KB Home by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after buying an additional 147,326 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of KB Home by 201.8% in the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after buying an additional 144,854 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KBH shares. The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Barclays raised their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $80.00 to $83.00 in a report on Monday, October 7th. Wedbush lifted their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research note on Thursday, September 5th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.50.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.44% of the company’s stock.

KB Home Trading Up 2.0 %

NYSE:KBH opened at $79.38 on Friday. The stock has a 50-day moving average price of $81.78 and a 200 day moving average price of $77.42. The stock has a market capitalization of $5.82 billion, a P/E ratio of 10.18, a P/E/G ratio of 0.66 and a beta of 1.81. KB Home has a 12-month low of $51.53 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business earned $1.80 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts predict that KB Home will post 8.44 earnings per share 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. Shareholders of record on Thursday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s payout ratio is currently 12.82%.

About KB Home

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.