EMC Capital Management Lowers Stock Position in KB Home (NYSE:KBH)

EMC Capital Management lessened its holdings in shares of KB Home (NYSE:KBH) by 14.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,170 shares of the construction company’s stock after selling 707 shares during the quarter. EMC Capital Management’s holdings in KB Home were worth $357,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KBH. Capstone Investment Advisors LLC acquired a new position in shares of KB Home in the first quarter worth about $935,000. Hancock Whitney Corp boosted its position in KB Home by 311.0% during the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company’s stock worth $1,150,000 after acquiring an additional 12,273 shares during the period. Virtu Financial LLC bought a new position in KB Home in the 1st quarter valued at about $1,078,000. Entropy Technologies LP bought a new position in shares of KB Home in the first quarter valued at approximately $640,000. Finally, SG Americas Securities LLC boosted its stake in KB Home by 1,333.9% during the 1st quarter. SG Americas Securities LLC now owns 42,342 shares of the construction company’s stock valued at $3,001,000 after purchasing an additional 39,389 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Trading Down 0.7 %

Shares of NYSE:KBH opened at $77.96 on Friday. The firm has a market capitalization of $5.72 billion, a PE ratio of 9.99, a PEG ratio of 0.67 and a beta of 1.81. KB Home has a 1-year low of $47.97 and a 1-year high of $89.70. The business’s 50 day moving average is $82.42 and its 200-day moving average is $75.93.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share 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 analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. On average, sell-side analysts predict that KB Home will post 8.44 EPS for the current year.

KB Home Announces Dividend

The firm 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio is 12.82%.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on 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 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group increased their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Evercore ISI lifted their target price on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Barclays increased their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Bank of America lifted their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.50.

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.