KB Home $KBH Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in KB Home (NYSE:KBH - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,000 shares of the construction company's stock after selling 5,100 shares during the quarter. Swiss National Bank owned 0.20% of KB Home worth $7,257,000 at the end of the most recent reporting period.

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Other large investors have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its stake in shares of KB Home by 102.0% in the first quarter. Campbell & CO Investment Adviser LLC now owns 35,931 shares of the construction company's stock valued at $2,088,000 after acquiring an additional 18,139 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in KB Home during the 1st quarter worth about $450,000. Petrus Trust Company LTA acquired a new stake in KB Home in the 1st quarter valued at about $494,000. SG Americas Securities LLC raised its position in KB Home by 121.1% in the 2nd quarter. SG Americas Securities LLC now owns 22,663 shares of the construction company's stock valued at $1,200,000 after purchasing an additional 12,411 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of KB Home in the 2nd quarter valued at about $245,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KBH has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of KB Home from $50.00 to $60.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 2nd. Zacks Research upgraded shares of KB Home from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Bank of America reduced their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of KB Home in a research report on Wednesday, October 8th. Finally, Raymond James Financial boosted their target price on shares of KB Home from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $64.36.

• Time to Load Up on Home Builders?

Read Our Latest Research Report on KB Home

Insider Activity at KB Home

In other news, EVP Albert Z. Praw sold 20,284 shares of the business's stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total value of $1,218,662.72. Following the completion of the sale, the executive vice president directly owned 104,062 shares of the company's stock, valued at approximately $6,252,044.96. The trade was a 16.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.89% of the company's stock.

KB Home Trading Down 0.8%

• KB Home Slips After Earnings: What’s Next for Homebuilders?

KBH stock opened at $64.29 on Monday. The stock has a market cap of $4.16 billion, a P/E ratio of 8.52, a PEG ratio of 5.17 and a beta of 1.36. KB Home has a twelve month low of $48.90 and a twelve month high of $84.38. The company's 50 day moving average is $61.81 and its two-hundred day moving average is $58.93.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.11. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm posted $2.04 EPS. The company's revenue was down 7.4% on a year-over-year basis. On average, equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home's dividend payout ratio (DPR) is presently 13.25%.

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.

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