Barclays PLC Has $16.82 Million Holdings in KB Home (NYSE:KBH)

Barclays PLC raised its position in shares of KB Home (NYSE:KBH) by 24.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,229 shares of the construction company’s stock after buying an additional 38,638 shares during the period. Barclays PLC owned about 0.27% of KB Home worth $16,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KBH. CWM LLC increased its holdings in KB Home by 26.6% during the 2nd quarter. CWM LLC now owns 1,792 shares of the construction company’s stock valued at $126,000 after purchasing an additional 377 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of KB Home by 190.8% during the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company’s stock worth $7,348,000 after purchasing an additional 68,697 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of KB Home by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock valued at $61,250,000 after buying an additional 3,993 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of KB Home by 7.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,341 shares of the construction company’s stock valued at $1,638,000 after buying an additional 1,523 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in KB Home by 6.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 174,507 shares of the construction company’s stock worth $12,247,000 after buying an additional 10,893 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

Shares of NYSE:KBH opened at $71.42 on Friday. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 0.59 and a beta of 1.81. The firm’s 50 day simple moving average is $79.83 and its 200 day simple moving average is $78.38. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the business earned $1.80 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.40%. KB Home’s dividend payout ratio (DPR) is currently 12.82%.

Analyst Ratings Changes

Several research firms have weighed in on KBH. JPMorgan Chase & Co. lowered their price objective on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research report on Friday. Barclays lowered shares of KB Home from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $99.00 to $85.00 in a report on Wednesday. The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Bank of America lifted their target price on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $79.92.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.44% of the company’s stock.

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.