Leuthold Group LLC Sells 2,885 Shares of KB Home (NYSE:KBH)

Leuthold Group LLC reduced its stake in shares of KB Home (NYSE:KBH) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,662 shares of the construction company’s stock after selling 2,885 shares during the quarter. Leuthold Group LLC owned about 0.08% of KB Home worth $5,198,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after acquiring an additional 147,326 shares during the period. LSV Asset Management grew its stake in shares of KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after buying an additional 572,800 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of KB Home by 2.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock worth $63,692,000 after buying an additional 18,981 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of KB Home by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock worth $61,250,000 after acquiring an additional 3,993 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in KB Home by 10.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company’s stock valued at $48,843,000 after acquiring an additional 67,628 shares during the period. 96.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KBH shares. Wells Fargo & Company lowered KB Home from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. Royal Bank of Canada downgraded shares of 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. The Goldman Sachs Group boosted their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Wedbush raised their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Bank of America boosted their price target on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, KB Home presently has an average rating of “Hold” and an average price target of $77.50.

KB Home Trading Up 1.2 %

KBH opened at $79.00 on Monday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.67 and a beta of 1.81. KB Home has a 12 month low of $42.75 and a 12 month high of $89.70. The stock has a fifty day moving average price of $82.78 and a 200-day moving average price of $75.50.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. KB Home’s payout ratio is 13.23%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.44% of the company’s stock.

About KB Home

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.