AlphaMark Advisors LLC Sells 661 Shares of KB Home (NYSE:KBH)

AlphaMark Advisors LLC trimmed its position in KB Home (NYSE:KBH) by 14.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,014 shares of the construction company’s stock after selling 661 shares during the period. AlphaMark Advisors LLC’s holdings in KB Home were worth $344,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBH. LSV Asset Management increased its holdings in KB Home by 118.4% during the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after acquiring an additional 572,800 shares during the period. Swedbank AB bought a new position in shares of KB Home in the first quarter worth $13,047,000. WINTON GROUP Ltd raised its position in shares of KB Home by 754.7% in the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock worth $14,512,000 after buying an additional 182,595 shares in the last quarter. American Century Companies Inc. boosted its stake in KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after buying an additional 147,326 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in KB Home by 190.8% during the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company’s stock worth $7,348,000 after buying an additional 68,697 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their position. The sale 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.

KB Home Trading Up 1.8 %

Shares of NYSE:KBH opened at $85.26 on Friday. The stock has a market capitalization of $6.41 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. The stock’s 50-day moving average price is $82.87 and its 200-day moving average price is $75.04. KB Home has a 12-month low of $42.11 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly 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 return on equity of 15.69% and a net margin of 9.31%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the business earned $1.80 earnings per share. KB Home’s revenue was up 10.3% compared to the same quarter last year. As a group, research analysts predict that KB Home will post 8.41 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. Investors 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 1.17%. The ex-dividend date is Thursday, November 14th. KB Home’s payout ratio is 13.23%.

Analysts Set New Price Targets

Several research firms have weighed in on KBH. Royal Bank of Canada cut KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a report on Thursday, September 5th. Bank of America lifted their target price 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. The Goldman Sachs Group increased their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Evercore ISI increased their target price on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.