SG Americas Securities LLC Purchases 12,591 Shares of KB Home $KBH

SG Americas Securities LLC lifted its position in KB Home (NYSE:KBH) by 18.2% in the 4th quarter, Holdings Channel reports. The fund owned 81,669 shares of the construction company’s stock after acquiring an additional 12,591 shares during the quarter. SG Americas Securities LLC’s holdings in KB Home were worth $4,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KBH. Fulcrum Asset Management LLP bought a new stake in shares of KB Home during the third quarter valued at approximately $36,000. Jones Financial Companies Lllp raised its holdings in KB Home by 44.4% in 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 in the last quarter. Aventura Private Wealth LLC bought a new position in KB Home in the fourth quarter worth $46,000. SBI Securities Co. Ltd. lifted its position in KB Home by 2,848.4% during 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. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of KB Home by 56.3% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Trading Down 0.9%

NYSE KBH opened at $51.29 on Thursday. KB Home has a 12 month low of $48.90 and a 12 month high of $68.71. The company has a current ratio of 2.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $58.54 and its 200-day moving average price is $60.47. The stock has a market cap of $3.20 billion, a P/E ratio of 10.45, a P/E/G ratio of 7.96 and a beta of 1.50.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.KB Home’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. As a group, equities analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.00 annualized dividend and a yield of 1.9%. KB Home’s payout ratio is 20.37%.

Wall Street Analyst Weigh In

KBH has been the topic of a number of recent research reports. Raymond James Financial downgraded shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. JPMorgan Chase & Co. lowered their price target on shares of KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, December 29th. Bank of America dropped their price objective on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Citizens Jmp started coverage on shares of KB Home in a report on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average price target of $59.50.

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.