Signaturefd LLC Sells 288 Shares of KB Home (NYSE:KBH)

Signaturefd LLC cut its holdings in KB Home (NYSE:KBH) by 3.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,394 shares of the construction company’s stock after selling 288 shares during the period. Signaturefd LLC’s holdings in KB Home were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Fidelis Capital Partners LLC bought a new position in shares of KB Home in the first quarter worth $60,000. Plato Investment Management Ltd lifted its holdings in KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after purchasing an additional 452 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after purchasing an additional 963 shares during the period. Manchester Capital Management LLC grew its holdings in KB Home by 134.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after buying an additional 652 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of KB Home by 23.4% during the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after buying an additional 241 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.44% of the company’s stock.

Analyst Ratings Changes

KBH has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company lowered shares of KB Home from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Barclays increased their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Bank of America boosted their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group raised their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Stock Performance

Shares of KB Home stock opened at $78.65 on Friday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. The company has a fifty day moving average of $82.80 and a 200-day moving average of $75.36. KB Home has a 52-week low of $42.27 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. On average, equities research analysts forecast that KB Home will post 8.41 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

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.