Lincluden Management Ltd. Purchases Shares of 30,884 KB Home $KBH

Lincluden Management Ltd. acquired a new stake in KB Home (NYSE:KBH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 30,884 shares of the construction company’s stock, valued at approximately $1,965,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in KB Home by 44.4% during the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares during the period. SBI Securities Co. Ltd. raised its stake in KB Home by 2,848.4% in the third quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock valued at $58,000 after buying an additional 883 shares during the period. Harbor Capital Advisors Inc. raised its stake in KB Home by 56.3% in the third quarter. Harbor Capital Advisors Inc. now owns 944 shares of the construction company’s stock valued at $60,000 after buying an additional 340 shares during the period. Allworth Financial LP lifted its position in shares of KB Home by 75.9% in the second quarter. Allworth Financial LP now owns 2,380 shares of the construction company’s stock valued at $126,000 after buying an additional 1,027 shares during the last quarter. Finally, Stephens Consulting LLC lifted its position in shares of KB Home by 199,900.0% in the third quarter. Stephens Consulting LLC now owns 2,000 shares of the construction company’s stock valued at $127,000 after buying an additional 1,999 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Price Performance

Shares of NYSE KBH opened at $54.27 on Tuesday. The firm has a market cap of $3.43 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 7.04 and a beta of 1.47. The company has a current ratio of 5.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43. KB Home has a 1-year low of $48.90 and a 1-year high of $68.71. The business’s 50 day moving average is $60.50 and its 200-day moving average is $61.55.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.13. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm posted $2.52 EPS. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. KB Home’s dividend payout ratio (DPR) is currently 20.37%.

Analyst Upgrades and Downgrades

KBH has been the subject of several research analyst reports. UBS Group reduced their target price on KB Home from $77.00 to $71.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. Raymond James Financial cut shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Barclays decreased their price objective on shares of KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.92.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.