Quantitative Investment Management LLC acquired a new stake in KB Home (NYSE:KBH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 78,600 shares of the company’s stock, valued at approximately $1,267,000. Quantitative Investment Management LLC owned about 0.09% of KB Home at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC increased its stake in KB Home by 0.4% in the second quarter. Nuveen Asset Management LLC now owns 83,397 shares of the company’s stock worth $1,268,000 after buying an additional 364 shares during the period. Creative Planning boosted its position in KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock valued at $152,000 after buying an additional 529 shares in the last quarter. Teacher Retirement System of Texas boosted its position in KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock valued at $163,000 after buying an additional 538 shares in the last quarter. Comerica Bank boosted its position in KB Home by 1.1% in the second quarter. Comerica Bank now owns 57,280 shares of the company’s stock valued at $901,000 after buying an additional 616 shares in the last quarter. Finally, HL Financial Services LLC boosted its position in KB Home by 0.4% in the second quarter. HL Financial Services LLC now owns 149,329 shares of the company’s stock valued at $2,271,000 after buying an additional 662 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.
KB Home (NYSE:KBH) traded up 1.42% during midday trading on Thursday, reaching $15.75. 1,188,356 shares of the company’s stock were exchanged. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.64 and a beta of 2.07. KB Home has a 52 week low of $9.04 and a 52 week high of $16.76. The firm has a 50-day moving average price of $15.19 and a 200 day moving average price of $15.09.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.77%. The business had revenue of $913.30 million for the quarter. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that KB Home will post $1.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 3rd were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.63%. KB Home’s payout ratio is 8.62%.
Several research firms have issued reports on KBH. Wells Fargo & Co. began coverage on KB Home in a report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Zacks Investment Research cut KB Home from a “buy” rating to a “sell” rating in a report on Wednesday, August 24th. Wedbush reissued an “outperform” rating and set a $22.00 target price on shares of KB Home in a research note on Tuesday, October 18th. MKM Partners set a $13.00 target price on shares of KB Home and gave the company a “hold” rating in a research note on Tuesday, October 11th. Finally, Evercore ISI started coverage on shares of KB Home in a research note on Monday, November 14th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.57.
KB Home Company Profile
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.