Banque Cantonale Vaudoise Makes New $61,000 Investment in KB Home (NYSE:KBH)

Banque Cantonale Vaudoise acquired a new stake in KB Home (NYSE:KBH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 707 shares of the construction company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new stake in KB Home in the third quarter valued at $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of KB Home in the third quarter worth about $43,000. Plato Investment Management Ltd boosted its stake in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after buying an additional 452 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after acquiring an additional 963 shares during the period. Finally, Quest Partners LLC raised its position in KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after acquiring an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of KBH opened at $79.40 on Friday. The stock has a 50 day moving average price of $81.65 and a 200 day moving average price of $77.48. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.66 and a beta of 1.81. KB Home has a one year low of $51.53 and a one year high of $89.70.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS 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 analyst estimates of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $1.80 earnings per share. On average, analysts predict that KB Home will post 8.44 earnings per share for the current year.

KB Home Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.44% of the company’s stock.

Analysts Set New Price Targets

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

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.