Credit Suisse AG Sells 5,473 Shares of KB Home (NYSE:KBH)

Credit Suisse AG cut its holdings in KB Home (NYSE:KBH – Get Rating) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,855 shares of the construction company’s stock after selling 5,473 shares during the period. Credit Suisse AG’s holdings in KB Home were worth $2,018,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in KB Home by 130.1% in the third quarter. Quadrant Capital Group LLC now owns 1,254 shares of the construction company’s stock worth $33,000 after acquiring an additional 709 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in KB Home in the third quarter worth approximately $2,439,000. ExodusPoint Capital Management LP raised its position in shares of KB Home by 137.6% during the 3rd quarter. ExodusPoint Capital Management LP now owns 415,753 shares of the construction company’s stock valued at $10,776,000 after purchasing an additional 240,747 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in shares of KB Home by 5.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 125,902 shares of the construction company’s stock valued at $3,263,000 after purchasing an additional 6,738 shares during the period. Finally, Seven Eight Capital LP bought a new stake in shares of KB Home during the 3rd quarter valued at $670,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on KBH shares. TheStreet upgraded shares of KB Home from a “c+” rating to a “b-” rating in a research report on Wednesday, January 18th. UBS Group decreased their price objective on shares of KB Home from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, January 12th. JPMorgan Chase & Co. raised their price objective on shares of KB Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Royal Bank of Canada downgraded shares of KB Home from an “outperform” rating to a “sector perform” rating and set a $34.00 price objective on the stock. in a research report on Friday, January 13th. Finally, Barclays raised their price objective on shares of KB Home from $41.00 to $42.00 in a research report on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, KB Home has a consensus rating of “Hold” and a consensus target price of $37.46.

KB Home Stock Up 1.6 %

Shares of NYSE:KBH opened at $35.76 on Monday. KB Home has a 52 week low of $24.78 and a 52 week high of $40.92. The stock has a market capitalization of $3.00 billion, a P/E ratio of 3.92, a PEG ratio of 1.22 and a beta of 1.58. The firm has a fifty day simple moving average of $35.66 and a two-hundred day simple moving average of $31.52.

KB Home (NYSE:KBH – Get Rating) last issued its quarterly earnings data on Wednesday, January 11th. The construction company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.38). KB Home had a return on equity of 24.06% and a net margin of 11.83%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, analysts expect that KB Home will post 4.12 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Thursday, February 2nd were paid a $0.15 dividend. The ex-dividend date was Wednesday, February 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.68%. KB Home’s payout ratio is currently 6.58%.

KB Home Profile

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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.