SG Americas Securities LLC Raises Stock Holdings in KB Home (NYSE:KBH)

SG Americas Securities LLC grew its stake in KB Home (NYSE:KBHGet Rating) by 155.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,895 shares of the construction company’s stock after buying an additional 12,100 shares during the quarter. SG Americas Securities LLC’s holdings in KB Home were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of KB Home by 113.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,003,238 shares of the construction company’s stock worth $44,875,000 after purchasing an additional 533,400 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of KB Home during the first quarter worth about $8,452,000. Assenagon Asset Management S.A. grew its position in shares of KB Home by 293.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 335,015 shares of the construction company’s stock worth $14,985,000 after purchasing an additional 249,836 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of KB Home by 315.0% during the fourth quarter. Renaissance Technologies LLC now owns 324,100 shares of the construction company’s stock worth $14,497,000 after purchasing an additional 246,000 shares in the last quarter. Finally, Clough Capital Partners L P purchased a new stake in shares of KB Home during the fourth quarter worth about $10,847,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

KB Home Stock Performance

Shares of KBH stock opened at $31.11 on Thursday. KB Home has a 52-week low of $24.78 and a 52-week high of $50.20. The firm has a market capitalization of $2.71 billion, a P/E ratio of 4.26, a P/E/G ratio of 0.51 and a beta of 1.63. The stock has a 50 day moving average price of $30.76 and a 200 day moving average price of $34.38.

KB Home (NYSE:KBHGet Rating) last issued its quarterly earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net margin of 10.69%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $1.50 EPS. As a group, sell-side analysts forecast that KB Home will post 10.28 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, August 3rd. KB Home’s dividend payout ratio is currently 8.22%.

Wall Street Analysts Forecast Growth

KBH has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on KB Home from $55.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Wedbush cut their price target on KB Home from $73.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. Credit Suisse Group cut KB Home from an “outperform” rating to a “neutral” rating and cut their price target for the company from $42.00 to $35.00 in a report on Monday, July 11th. Wells Fargo & Company cut their price target on KB Home from $40.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, June 17th. Finally, Barclays cut their price target on KB Home from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, KB Home has an average rating of “Moderate Buy” and an average price target of $42.23.

About KB Home

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

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