Penserra Capital Management LLC Has $738,000 Stock Position in KB Home (NYSE:KBH)

Penserra Capital Management LLC decreased its holdings in KB Home (NYSE:KBH) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,624 shares of the construction company’s stock after selling 226 shares during the period. Penserra Capital Management LLC’s holdings in KB Home were worth $738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC grew its stake in shares of KB Home by 18.9% during the third quarter. Kingsview Wealth Management LLC now owns 20,956 shares of the construction company’s stock worth $1,796,000 after buying an additional 3,337 shares during the last quarter. Cerity Partners LLC raised its holdings in KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after buying an additional 7,679 shares during the last quarter. Citigroup Inc. boosted its position in KB Home by 62.1% during the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after buying an additional 40,992 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of KB Home by 132.6% in the third quarter. Intech Investment Management LLC now owns 51,687 shares of the construction company’s stock worth $4,429,000 after purchasing an additional 29,468 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Up 0.2 %

Shares of NYSE:KBH opened at $82.86 on Thursday. The stock’s 50 day moving average is $81.47 and its 200-day moving average is $77.82. KB Home has a twelve month low of $51.53 and a twelve month high of $89.70. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.73 and a beta of 1.81.

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 analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $1.80 earnings per share. Equities research 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 was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. KB Home’s dividend payout ratio (DPR) is currently 12.82%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.52% of the company’s stock.

KB Home Company 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.