KB Home (NYSE:KBH) Stock Position Increased by Creative Planning

Creative Planning raised its stake in shares of KB Home (NYSE:KBH) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,372 shares of the construction company’s stock after buying an additional 8,710 shares during the period. Creative Planning’s holdings in KB Home were worth $2,774,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new position in shares of KB Home in the first quarter worth approximately $60,000. Plato Investment Management Ltd increased its position in KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after acquiring an additional 452 shares during the period. Tortoise Investment Management LLC increased its position in KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after acquiring an additional 963 shares during the period. Manchester Capital Management LLC increased its holdings in KB Home by 134.4% in 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 during the period. Finally, Headlands Technologies LLC bought a new stake in KB Home in the 1st quarter valued at $120,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.44% of the company’s stock.

KB Home Stock Performance

NYSE KBH opened at $78.05 on Friday. The firm’s fifty day moving average price is $82.78 and its two-hundred day moving average price is $75.44. KB Home has a fifty-two week low of $42.27 and a fifty-two week high of $89.70. The stock has a market cap of $5.72 billion, a PE ratio of 10.01, a PEG ratio of 0.67 and a beta of 1.81.

KB Home (NYSE:KBH) last posted 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). The firm had revenue of $1.75 billion during 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 company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 earnings per share. As a group, sell-side analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group upped their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI increased their price target on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.50.

About KB Home

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.