Edgestream Partners L.P. grew its holdings in KB Home (NYSE:KBH) by 158.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 22,099 shares of the construction company’s stock after buying an additional 13,538 shares during the quarter. Edgestream Partners L.P.’s holdings in KB Home were worth $528,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of KB Home in the 2nd quarter valued at about $115,000. Toth Financial Advisory Corp bought a new stake in shares of KB Home in the 3rd quarter valued at about $239,000. Signition LP bought a new position in shares of KB Home during the 2nd quarter worth approximately $247,000. First Hawaiian Bank bought a new position in shares of KB Home during the 3rd quarter worth approximately $262,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of KB Home during the 2nd quarter worth approximately $277,000. Institutional investors and hedge funds own 82.89% of the company’s stock.
Shares of KB Home stock opened at $17.61 on Friday. KB Home has a 12-month low of $16.82 and a 12-month high of $38.80. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 0.46 and a beta of 1.54.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 25th. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.10. KB Home had a net margin of 3.43% and a return on equity of 13.96%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.51 EPS. KB Home’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts expect that KB Home will post 2.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. KB Home’s payout ratio is 5.41%.
In other KB Home news, SVP William R. Hollinger sold 79,564 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $23.96, for a total transaction of $1,906,353.44. Following the transaction, the senior vice president now owns 234,539 shares in the company, valued at approximately $5,619,554.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.60% of the company’s stock.
Several research analysts recently commented on KBH shares. Bank of America boosted their price objective on shares of KB Home from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Barclays reduced their price objective on shares of KB Home from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. ValuEngine upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Credit Suisse Group reduced their price objective on shares of KB Home from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, September 26th. Finally, MKM Partners set a $32.00 price objective on shares of KB Home and gave the stock a “hold” rating in a research note on Wednesday, September 26th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $28.16.
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KB Home Profile
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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