Segall Bryant & Hamill LLC Trims Holdings in KB Home (NYSE:KBH)

Segall Bryant & Hamill LLC lessened its stake in shares of KB Home (NYSE:KBH) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,170 shares of the construction company’s stock after selling 12,135 shares during the period. Segall Bryant & Hamill LLC’s holdings in KB Home were worth $5,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KBH. Shell Asset Management Co. raised its position in shares of KB Home by 5.1% during the 1st quarter. Shell Asset Management Co. now owns 10,198 shares of the construction company’s stock valued at $723,000 after buying an additional 492 shares during the period. Hyperion Capital Advisors LP acquired a new position in shares of KB Home in the 1st quarter valued at $279,000. Price T Rowe Associates Inc. MD grew its holdings in shares of KB Home by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,439 shares of the construction company’s stock worth $3,363,000 after purchasing an additional 1,780 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of KB Home by 9.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 46,183 shares of the construction company’s stock worth $3,273,000 after purchasing an additional 4,013 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in KB Home in the 1st quarter valued at about $531,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 0.2 %

KBH stock opened at $77.79 on Friday. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.66 and a beta of 1.81. KB Home has a fifty-two week low of $51.53 and a fifty-two week high of $89.70. The business has a 50 day moving average price of $81.87 and a 200 day moving average price of $77.42.

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

KB Home Dividend Announcement

The company also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, November 14th. KB Home’s payout ratio is currently 12.82%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction 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. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company downgraded KB Home from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. 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 for the company. in a report on Thursday, September 5th. Finally, Bank of America increased their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.50.

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.