Virtu Financial LLC Acquires 3,931 Shares of KB Home (NYSE:KBH)

Virtu Financial LLC boosted its holdings in KB Home (NYSE:KBH) by 97.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,960 shares of the construction company’s stock after acquiring an additional 3,931 shares during the period. Virtu Financial LLC’s holdings in KB Home were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KBH. Wealth Enhancement Advisory Services LLC boosted its holdings in KB Home by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of KB Home by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after buying an additional 162 shares during the period. CWM LLC grew its position in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after buying an additional 183 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after acquiring an additional 189 shares during the period. Finally, Jupiter Wealth Management LLC raised its holdings in KB Home by 1.2% in the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on KBH shares. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Barclays downgraded shares of KB Home from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $99.00 to $85.00 in a research note on Wednesday. The Goldman Sachs Group boosted their target price 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. Wells Fargo & Company lowered shares of KB Home from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Finally, 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.92.

KB Home Stock Performance

Shares of NYSE:KBH opened at $71.42 on Friday. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The company has a market capitalization of $5.24 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.81. The company has a fifty day moving average of $79.83 and a 200-day moving average of $78.38.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (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 analyst estimates of $1.73 billion. During the same period in the previous year, the company earned $1.80 EPS. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. KB Home’s dividend payout ratio (DPR) is presently 12.82%.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s 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 transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.44% of the stock is owned by corporate insiders.

KB Home Company 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.