KB Home (NYSE:KBH) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its position in shares of KB Home (NYSE:KBH) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,610 shares of the construction company’s stock after purchasing an additional 1,262 shares during the period. Atria Investments Inc’s holdings in KB Home were worth $652,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of KB Home in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the third quarter valued at about $43,000. Plato Investment Management Ltd raised its stake in shares of KB Home by 72.0% in the 1st 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 lifted its holdings in shares of KB Home by 625.3% in the 2nd 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. Finally, Blue Trust Inc. boosted its position in shares of KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after purchasing an additional 241 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a research report on Thursday, September 5th. Wells Fargo & Company lowered KB Home from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. Barclays lifted their target price on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group increased 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, Bank of America lifted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.50.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Monday, October 14th. The shares were 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 of the company’s stock, valued at $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.52% of the stock is currently owned by insiders.

KB Home Trading Up 0.7 %

KB Home stock opened at $77.81 on Wednesday. The company has a fifty day simple moving average of $81.96 and a 200-day simple moving average of $77.35. The stock has a market cap of $5.71 billion, a P/E ratio of 9.98, 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.

KB Home (NYSE:KBH) last announced its quarterly 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 analysts’ expectations of $1.73 billion. During the same period last year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that KB Home will post 8.44 earnings per share for the current fiscal 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is 12.82%.

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.