SG Americas Securities LLC Has $527,000 Stake in KB Home (NYSE:KBH)

SG Americas Securities LLC trimmed its holdings in shares of KB Home (NYSE:KBHGet Rating) by 31.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,342 shares of the construction company’s stock after selling 9,388 shares during the period. SG Americas Securities LLC’s holdings in KB Home were worth $527,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KBH. FMR LLC increased its position in KB Home by 99.2% during the second quarter. FMR LLC now owns 4,341,247 shares of the construction company’s stock worth $123,552,000 after buying an additional 2,161,680 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of KB Home by 125.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock valued at $67,281,000 after purchasing an additional 1,156,233 shares during the last quarter. Pictet Asset Management SA acquired a new stake in shares of KB Home in the second quarter valued at about $21,899,000. AQR Capital Management LLC grew its position in shares of KB Home by 157.1% in the second quarter. AQR Capital Management LLC now owns 669,729 shares of the construction company’s stock valued at $18,538,000 after purchasing an additional 409,273 shares during the last quarter. Finally, Varde Management L.P. acquired a new stake in shares of KB Home in the second quarter valued at about $9,104,000. 89.29% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Up 2.2 %

Shares of KBH opened at $36.13 on Tuesday. KB Home has a 12 month low of $24.78 and a 12 month high of $43.12. The company has a 50-day moving average price of $32.35 and a two-hundred day moving average price of $30.45. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 3.96, a P/E/G ratio of 1.14 and a beta of 1.53.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Thursday, February 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, February 1st. KB Home’s dividend payout ratio (DPR) is currently 6.58%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KBH shares. Barclays raised their price target on KB Home from $41.00 to $42.00 in a research report on Wednesday, December 14th. TheStreet raised KB Home from a “c+” rating to a “b-” rating in a research report on Wednesday, January 18th. Raymond James cut shares of KB Home from a “strong-buy” rating to a “market perform” rating in a research note on Friday, October 21st. The Goldman Sachs Group increased their target price on shares of KB Home from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Finally, UBS Group reduced their target price on shares of KB Home from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, January 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.46.

Insider Activity

In other news, EVP Albert Z. Praw sold 29,777 shares of KB Home stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $28.77, for a total value of $856,684.29. Following the completion of the transaction, the executive vice president now owns 143,363 shares in the company, valued at $4,124,553.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

KB Home Company Profile

(Get Rating)

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

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

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