Crossmark Global Holdings Inc. Increases Stock Holdings in KB Home (NYSE:KBH)

Crossmark Global Holdings Inc. increased its holdings in KB Home (NYSE:KBH) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,583 shares of the construction company’s stock after buying an additional 854 shares during the period. Crossmark Global Holdings Inc.’s holdings in KB Home were worth $649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after buying an additional 162 shares in the last quarter. CWM LLC lifted its stake in KB Home by 10.2% in the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after buying an additional 183 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after buying an additional 189 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of KB Home by 1.6% in the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after acquiring an additional 191 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s 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 owns 34,473 shares in the company, valued at $2,737,156.20. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.44% of the stock is owned by insiders.

KB Home Price Performance

KB Home stock opened at $78.54 on Friday. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. KB Home has a 12 month low of $51.53 and a 12 month high of $89.70. The stock’s 50-day moving average is $82.03 and its 200-day moving average is $77.02.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $1.80 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Research analysts anticipate 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. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. KB Home’s dividend payout ratio (DPR) is 12.82%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada cut 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 lifted their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Wedbush lifted their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Bank of America increased their price target on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.