Foundations Investment Advisors LLC Buys New Stake in KB Home (NYSE:KBH)

Foundations Investment Advisors LLC purchased a new position in shares of KB Home (NYSE:KBH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,532 shares of the construction company’s stock, valued at approximately $217,000.

A number of other institutional investors also recently bought and sold shares of the business. Vest Financial LLC boosted its holdings in shares of KB Home by 7.4% in the 3rd quarter. Vest Financial LLC now owns 16,972 shares of the construction company’s stock valued at $1,454,000 after buying an additional 1,168 shares in the last quarter. Blue Trust Inc. grew its holdings 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 worth $109,000 after buying an additional 241 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of KB Home in the 3rd quarter valued at approximately $420,000. Creative Planning grew its position in KB Home by 36.8% in the 3rd quarter. Creative Planning now owns 32,372 shares of the construction company’s stock valued at $2,774,000 after buying an additional 8,710 shares during the last quarter. Finally, CHICAGO TRUST Co NA purchased a new stake in shares of KB Home in the third quarter valued at about $519,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Trading Down 0.8 %

KBH stock opened at $78.05 on Friday. The stock has a 50-day moving average price of $82.78 and a two-hundred day moving average price of $75.44. The company has a market cap of $5.72 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. KB Home has a 12-month low of $42.27 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last posted its earnings results 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). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company posted $1.80 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid 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 presently 12.82%.

Insider Activity at KB Home

In related 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 value 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 approximately $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 accessible through the SEC website. Company insiders own 4.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Bank of America upped their price objective on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group lifted their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.50.

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.