Cwm LLC Has $169,000 Stock Position in KB Home (NYSE:KBH)

Cwm LLC lifted its holdings in KB Home (NYSE:KBH) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,975 shares of the construction company’s stock after acquiring an additional 183 shares during the period. Cwm LLC’s holdings in KB Home were worth $169,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in shares of KB Home by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 162 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of KB Home by 3.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after buying an additional 189 shares during the period. US Bancorp DE boosted its stake in shares of KB Home by 1.6% in the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock valued at $873,000 after buying an additional 191 shares during the period. Wealthcare Advisory Partners LLC grew its position in KB Home by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after buying an additional 231 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in KB Home by 4.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the construction company’s stock valued at $463,000 after acquiring an additional 300 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Insider Activity at KB Home

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 shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wedbush increased their target price on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Royal Bank of Canada downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Barclays increased their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Bank of America boosted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.50.

KB Home Stock Performance

Shares of NYSE:KBH opened at $77.37 on Thursday. KB Home has a 52-week low of $42.27 and a 52-week high of $89.70. The company has a market capitalization of $5.82 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. The company has a fifty day moving average of $82.83 and a 200-day moving average of $75.34.

KB Home (NYSE:KBH) last issued 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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. On average, equities analysts forecast that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid 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 dividend payout ratio is currently 13.23%.

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.