Mirador Capital Partners LP Purchases Shares of 3,633 KB Home (NYSE:KBH)

Mirador Capital Partners LP acquired a new position in shares of KB Home (NYSE:KBH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,633 shares of the construction company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its holdings in KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the period. Holocene Advisors LP bought a new stake in shares of KB Home during the 3rd quarter worth about $89,899,000. Charles Schwab Investment Management Inc. lifted its stake in shares of KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares during the period. Empowered Funds LLC lifted its stake in shares of KB Home by 201.8% in the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after acquiring an additional 144,854 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of KB Home by 3.4% in the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after acquiring an additional 73,051 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Price Performance

KBH stock opened at $68.33 on Friday. The firm has a market capitalization of $5.01 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.54 and a beta of 1.86. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The company’s 50 day simple moving average is $73.08 and its 200-day simple moving average is $77.86.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 EPS. Sell-side analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Barclays dropped their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wedbush raised their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $75.88.

KB Home 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.