Fmr LLC Has $463.69 Million Stock Holdings in KB Home (NYSE:KBH)

Fmr LLC lifted its position in shares of KB Home (NYSE:KBH) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,411,255 shares of the construction company’s stock after purchasing an additional 1,752,498 shares during the quarter. Fmr LLC owned 0.07% of KB Home worth $463,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KBH. Price T Rowe Associates Inc. MD grew its stake in KB Home by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,439 shares of the construction company’s stock valued at $3,363,000 after acquiring an additional 1,780 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of KB Home by 9.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,183 shares of the construction company’s stock valued at $3,273,000 after purchasing an additional 4,013 shares during the period. Janus Henderson Group PLC increased its stake in KB Home by 6.1% during the 1st quarter. Janus Henderson Group PLC now owns 65,093 shares of the construction company’s stock worth $4,611,000 after purchasing an additional 3,735 shares in the last quarter. Tidal Investments LLC acquired a new stake in KB Home during the 1st quarter worth approximately $1,177,000. Finally, Comerica Bank lifted its stake in KB Home by 123.0% in the first quarter. Comerica Bank now owns 75,154 shares of the construction company’s stock valued at $5,327,000 after buying an additional 41,452 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KBH. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Bank of America increased their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Barclays boosted their price target on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. The Goldman Sachs Group increased their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Wedbush boosted their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.50.

KB Home Trading Down 0.1 %

NYSE:KBH opened at $82.79 on Friday. The stock has a market capitalization of $6.07 billion, a PE ratio of 10.61, a P/E/G ratio of 0.71 and a beta of 1.81. KB Home has a 1-year low of $51.53 and a 1-year high of $89.70. The firm has a fifty day simple moving average of $81.24 and a 200 day simple moving average of $77.95.

KB Home (NYSE:KBH) last released its quarterly earnings data 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 earnings per share. On average, equities analysts predict that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. KB Home’s dividend payout ratio is currently 12.82%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.44% of the stock is owned by insiders.

About KB Home

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.