Fisher Asset Management LLC Buys 73,051 Shares of KB Home (NYSE:KBH)

Fisher Asset Management LLC raised its stake in KB Home (NYSE:KBH) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,206,172 shares of the construction company’s stock after buying an additional 73,051 shares during the period. Fisher Asset Management LLC owned about 3.01% of KB Home worth $189,047,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KBH. LSV Asset Management grew its position in shares of KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after buying an additional 572,800 shares during the last quarter. Swedbank AB bought a new stake in shares of KB Home in the 1st quarter valued at about $13,047,000. WINTON GROUP Ltd grew its position in shares of KB Home by 754.7% in 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. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $77,655,000 after buying an additional 164,010 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of 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 valued at $118,244,000 after buying an additional 147,326 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction 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 directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KBH has been the topic of several research analyst reports. Barclays upped their target price on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America upped their target price on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. 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. Wedbush upped their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company lowered KB Home from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $80.00 to $83.00 in a report on Monday, October 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Stock Up 7.1 %

Shares of KB Home stock opened at $85.06 on Tuesday. The company has a market cap of $6.24 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81. KB Home has a 52 week low of $51.53 and a 52 week high of $89.70. The business has a 50 day moving average price of $81.62 and a 200-day moving average price of $77.70.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. As a group, research analysts anticipate that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, November 14th. KB Home’s payout ratio is 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.