251,848 Shares in KB Home $KBH Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of KB Home (NYSE:KBH) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 251,848 shares of the construction company’s stock, valued at approximately $11,703,000. Jefferies Financial Group Inc. owned 0.41% of KB Home at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBH. BlackRock Inc. bought a new stake in shares of KB Home in the second quarter valued at approximately $618,489,000. Donald Smith & CO. Inc. acquired a new stake in KB Home during the second quarter worth approximately $108,652,000. Bamco Inc. NY acquired a new stake in KB Home during the second quarter worth approximately $37,500,000. Bank of New York Mellon Corp bought a new position in KB Home during the 2nd quarter worth $35,837,000. Finally, Bank of America Corp DE acquired a new position in KB Home in the 2nd quarter valued at $35,377,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Price Performance

Shares of NYSE:KBH opened at $50.02 on Thursday. The company’s 50 day simple moving average is $47.40 and its 200 day simple moving average is $53.34. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 2.62 and a beta of 1.36. KB Home has a 1 year low of $40.92 and a 1 year high of $67.57.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.17. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The company’s quarterly revenue was down 20.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share. As a group, analysts anticipate that KB Home will post 3.26 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. KB Home’s payout ratio is 28.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KBH shares. Barclays cut their target price on KB Home from $57.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. Bank of America decreased their price target on KB Home from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Truist Financial dropped their price target on KB Home from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. Melius Research initiated coverage on KB Home in a research note on Tuesday, October 6th. They issued a “sell” rating and a $43.00 price target for the company. Finally, The Goldman Sachs Group set a $56.00 price objective on shares of KB Home in a research report on Monday, October 12th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus target price of $52.08.

KB Home Company Profile

KB Home is a U.S. homebuilding company that plans and builds residential communities, primarily offering single-family homes and townhomes. Its homes are designed for a range of buyers, and the company allows customers to personalize aspects of their homes through its built-to-order approach. Founded in 1957 as Kaufman & Broad, the company adopted the KB Home name in 2001. It serves homebuyers in markets across the United States, with operations in Western, Southwestern and Southeastern regions.