Natixis Advisors LLC Purchases 2,960 Shares of KB Home (NYSE:KBH)

Natixis Advisors LLC boosted its position in shares of KB Home (NYSE:KBH) by 11.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,868 shares of the construction company’s stock after buying an additional 2,960 shares during the period. Natixis Advisors LLC’s holdings in KB Home were worth $2,559,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KBH. LSV Asset Management boosted its position in shares of KB Home by 118.4% during the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after acquiring an additional 572,800 shares during the last quarter. Swedbank AB purchased a new stake in shares of KB Home during the 1st quarter valued at about $13,047,000. WINTON GROUP Ltd lifted its holdings in shares of KB Home by 754.7% in the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after acquiring an additional 182,595 shares during the last quarter. American Century Companies Inc. grew its position in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after acquiring an additional 147,326 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in KB Home by 201.8% during the third quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after acquiring an additional 144,854 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KBH. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research note on Thursday, September 5th. Wells Fargo & Company downgraded KB Home from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Wedbush boosted their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group raised their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Bank of America upped their price target 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, KB Home has a consensus rating of “Hold” and a consensus target price of $77.50.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred 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 transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.44% of the company’s stock.

KB Home Price Performance

KBH stock opened at $79.40 on Monday. KB Home has a 1-year low of $51.53 and a 1-year high of $89.70. The business has a 50-day moving average price of $81.65 and a 200 day moving average price of $77.54. The company has a market capitalization of $5.82 billion, a P/E ratio of 10.18, a PEG ratio of 0.66 and a beta of 1.81.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. On average, analysts anticipate that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. KB Home’s dividend payout ratio is presently 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.