SG Americas Securities LLC Has $377,000 Stake in KB Home (NYSE:KBH)

SG Americas Securities LLC reduced its holdings in KB Home (NYSE:KBH) by 92.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,394 shares of the construction company’s stock after selling 50,298 shares during the quarter. SG Americas Securities LLC’s holdings in KB Home were worth $377,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KBH. Fidelis Capital Partners LLC acquired a new stake in KB Home in the 1st quarter valued at approximately $60,000. Plato Investment Management Ltd boosted its position in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after acquiring an additional 452 shares during the period. Tortoise Investment Management LLC grew its stake in shares of KB Home by 625.3% in 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 last quarter. Manchester Capital Management LLC increased its position in KB Home by 134.4% during the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after acquiring an additional 652 shares during the period. Finally, Headlands Technologies LLC acquired a new position in KB Home during the 1st quarter valued at $120,000. 96.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.44% of the company’s stock.

KB Home Stock Performance

Shares of NYSE:KBH opened at $85.26 on Friday. The company has a market capitalization of $6.41 billion, a PE ratio of 11.28, a P/E/G ratio of 0.69 and a beta of 1.81. The company’s fifty day moving average is $82.87 and its 200-day moving average is $75.04. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results 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 analyst estimates of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. On average, analysts forecast that KB Home will post 8.41 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. KB Home’s dividend payout ratio is 13.23%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lowered 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 note on Monday, October 7th. The Goldman Sachs Group raised their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Evercore ISI lifted their price objective on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research note on Thursday, September 5th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.