XTX Topco Ltd Invests $1.69 Million in KB Home (NYSE:KBH)

XTX Topco Ltd acquired a new position in KB Home (NYSE:KBH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,713 shares of the construction company’s stock, valued at approximately $1,689,000.

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the period. Holocene Advisors LP bought a new position in KB Home during the third quarter worth $89,899,000. LSV Asset Management lifted its holdings in KB Home by 118.4% in the second 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 period. WINTON GROUP Ltd boosted its position in KB Home by 754.7% during the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after acquiring an additional 182,595 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares during the period. 96.09% of the stock is currently owned by institutional investors.

KB Home Price Performance

NYSE:KBH opened at $78.53 on Friday. KB Home has a one year low of $54.94 and a one year high of $89.70. The company has a market cap of $5.76 billion, a PE ratio of 10.07, a PEG ratio of 0.63 and a beta of 1.81. The firm has a 50-day moving average of $80.72 and a 200-day moving average of $78.26.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is presently 12.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KBH shares. Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Bank of America raised their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. The Goldman Sachs Group boosted their target price on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Barclays upped their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.50.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at $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 SEC, which is available at this hyperlink. Insiders own 4.44% of the company’s stock.

KB Home Company 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.