Boston Common Asset Management LLC Has $12.30 Million Stock Position in KB Home (NYSE:KBH)

Boston Common Asset Management LLC lessened its holdings in shares of KB Home (NYSE:KBH) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,175 shares of the construction company’s stock after selling 16,218 shares during the period. Boston Common Asset Management LLC’s holdings in KB Home were worth $12,301,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after buying an additional 161 shares during the period. Thrivent Financial for Lutherans increased its holdings in KB Home by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 162 shares in the last quarter. CWM LLC lifted its stake in KB Home by 10.2% in the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after buying an additional 183 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after buying an additional 189 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its position in shares of KB Home by 1.2% during the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after buying an additional 225 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Trading Down 0.1 %

Shares of KBH stock traded down $0.05 during trading on Friday, hitting $68.20. The company’s stock had a trading volume of 88,613 shares, compared to its average volume of 1,793,439. The business has a fifty day moving average of $73.08 and a 200-day moving average of $77.86. The company has a market cap of $5.00 billion, a PE ratio of 8.74, a P/E/G ratio of 0.54 and a beta of 1.86. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $1.85 EPS. As a group, research analysts predict that KB Home will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on KBH. UBS Group reduced their target price on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Bank of America dropped their price objective on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday. Finally, Evercore ISI upped their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday. Two 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.79.

KB Home 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.