Capital Fund Management S.A. reduced its position in KB Home (NYSE:KBH) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,297 shares of the construction company’s stock after selling 3,139 shares during the period. Capital Fund Management S.A.’s holdings in KB Home were worth $17,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its stake in shares of KB Home by 5.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 48,051 shares of the construction company’s stock valued at $1,309,000 after purchasing an additional 2,298 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of KB Home by 3.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 72,138 shares of the construction company’s stock valued at $1,965,000 after purchasing an additional 2,696 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of KB Home by 1.5% in the 2nd quarter. CIBC World Markets Inc. now owns 194,357 shares of the construction company’s stock valued at $5,294,000 after purchasing an additional 2,828 shares in the last quarter. Zacks Investment Management lifted its stake in shares of KB Home by 5.3% in the 2nd quarter. Zacks Investment Management now owns 56,337 shares of the construction company’s stock valued at $1,535,000 after purchasing an additional 2,831 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of KB Home by 2.3% in the 3rd quarter. Swiss National Bank now owns 137,400 shares of the construction company’s stock valued at $3,285,000 after purchasing an additional 3,100 shares in the last quarter. 82.89% of the stock is currently owned by institutional investors and hedge funds.

KB Home stock traded down $3.40 during midday trading on Thursday, hitting $17.40. 2,920,679 shares of the company were exchanged, compared to its average volume of 2,125,919. The firm has a market capitalization of $1.83 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.42 and a beta of 1.54. KB Home has a fifty-two week low of $18.54 and a fifty-two week high of $38.80.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 25th. The construction company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.77 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. KB Home had a return on equity of 13.96% and a net margin of 3.43%. KB Home’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. On average, sell-side analysts anticipate that KB Home will post 2.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, November 14th. KB Home’s dividend payout ratio (DPR) is presently 5.41%.

In other KB Home news, SVP William R. Hollinger sold 79,564 shares of KB Home stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $23.96, for a total transaction of $1,906,353.44. Following the sale, the senior vice president now directly owns 234,539 shares in the company, valued at approximately $5,619,554.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by insiders.

Several research firms have recently weighed in on KBH. JMP Securities reaffirmed a “market perform” rating on shares of KB Home in a research note on Thursday, September 27th. ValuEngine lowered KB Home from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. MKM Partners set a $32.00 price objective on KB Home and gave the company a “hold” rating in a research note on Wednesday, September 26th. Credit Suisse Group reduced their price objective on KB Home from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, September 26th. Finally, Zacks Investment Research lowered KB Home from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $30.61.

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KB Home Profile

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

Read More: Return on Investment (ROI)

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

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