SG Americas Securities LLC Buys 12,591 Shares of KB Home $KBH

SG Americas Securities LLC grew its stake in shares of KB Home (NYSE:KBH) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,669 shares of the construction company’s stock after buying an additional 12,591 shares during the quarter. SG Americas Securities LLC owned 0.13% of KB Home worth $4,607,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. United Services Automobile Association purchased a new position in KB Home in the first quarter worth $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in KB Home by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock valued at $13,108,000 after purchasing an additional 11,103 shares in the last quarter. Legal & General Group Plc lifted its stake in KB Home by 2.1% during the second quarter. Legal & General Group Plc now owns 121,178 shares of the construction company’s stock worth $6,419,000 after purchasing an additional 2,515 shares during the last quarter. Norges Bank bought a new stake in KB Home during the second quarter worth about $55,329,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of KB Home by 6.2% in the 2nd quarter. New York State Common Retirement Fund now owns 34,275 shares of the construction company’s stock worth $1,816,000 after purchasing an additional 2,000 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Trading Down 0.9%

NYSE KBH opened at $51.29 on Thursday. The firm has a market cap of $3.20 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 7.96 and a beta of 1.50. KB Home has a 1-year low of $48.90 and a 1-year high of $68.71. The stock has a 50-day moving average of $58.54 and a 200-day moving average of $60.47. The company has a current ratio of 2.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.43.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business earned $1.49 earnings per share. The business’s revenue was down 22.6% on a year-over-year basis. As a group, sell-side analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. KB Home’s payout ratio is presently 20.37%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KBH shares. Royal Bank Of Canada decreased their price objective on KB Home from $54.00 to $53.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. Wells Fargo & Company reduced their price target on shares of KB Home from $55.00 to $50.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. Raymond James Financial downgraded shares of KB Home from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 24th. Barclays lowered their price objective on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. Finally, Zacks Research cut shares of KB Home from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, KB Home presently has an average rating of “Hold” and a consensus price target of $59.50.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.