KB Home (KBH) Stake Increased by Macquarie Group Ltd.

Macquarie Group Ltd. grew its stake in shares of KB Home (NYSE:KBH) by 54.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,300 shares of the construction company’s stock after acquiring an additional 27,700 shares during the quarter. Macquarie Group Ltd. owned about 0.09% of KB Home worth $1,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KBH. Creative Planning lifted its stake in shares of KB Home by 34.9% in the 2nd quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after purchasing an additional 1,110 shares during the period. AllSquare Wealth Management LLC bought a new position in shares of KB Home in the 3rd quarter worth approximately $113,000. LS Investment Advisors LLC lifted its stake in shares of KB Home by 18.0% in the 2nd quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after purchasing an additional 991 shares during the period. Victory Capital Management Inc. lifted its stake in shares of KB Home by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after purchasing an additional 1,241 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in shares of KB Home in the 2nd quarter worth approximately $201,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $31.00 price objective on shares of KB Home in a research note on Wednesday, November 15th. UBS assumed coverage on shares of KB Home in a research note on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price objective on the stock. Wedbush cut shares of KB Home from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 19th. Finally, MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of KB Home in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. KB Home has an average rating of “Hold” and a consensus price target of $22.44.

KB Home (KBH) traded down $0.33 during midday trading on Wednesday, reaching $30.12. 2,400,900 shares of the company’s stock were exchanged, compared to its average volume of 2,537,539. KB Home has a 12 month low of $15.50 and a 12 month high of $31.47. The company has a market cap of $2,633.93, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.69.

KB Home (NYSE:KBH) last released its earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the business earned $0.42 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. sell-side analysts anticipate that KB Home will post 1.77 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Wednesday, November 1st. KB Home’s payout ratio is 7.19%.

In other KB Home news, EVP Albert Z. Praw sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian J. Woram sold 49,529 shares of KB Home stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

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About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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