SG Americas Securities LLC Has $184,000 Stock Holdings in KB Home (NYSE:KBH)

SG Americas Securities LLC cut its position in shares of KB Home (NYSE:KBH) by 87.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953 shares of the construction company’s stock after selling 19,813 shares during the period. SG Americas Securities LLC’s holdings in KB Home were worth $184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mariner LLC lifted its stake in shares of KB Home by 3.7% in the third quarter. Mariner LLC now owns 5,484 shares of the construction company’s stock worth $254,000 after buying an additional 198 shares during the last quarter. Fifth Third Bancorp increased its position in shares of KB Home by 40.9% during the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after purchasing an additional 270 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of KB Home by 1.8% during the third quarter. Harbor Capital Advisors Inc. now owns 14,996 shares of the construction company’s stock worth $694,000 after buying an additional 272 shares in the last quarter. Bailard Inc. raised its position in KB Home by 2.5% in the 3rd quarter. Bailard Inc. now owns 12,100 shares of the construction company’s stock valued at $560,000 after purchasing an additional 300 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in KB Home by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 22,758 shares of the construction company’s stock valued at $648,000 after acquiring an additional 362 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 4,928 shares of KB Home stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $59.86, for a total value of $294,990.08. Following the transaction, the chief financial officer now owns 38,386 shares in the company, valued at $2,297,785.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other KB Home news, Director Arthur Reginald Collins sold 5,500 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the completion of the transaction, the director now directly owns 9,098 shares in the company, valued at $546,971.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeff Kaminski sold 4,928 shares of KB Home stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $59.86, for a total transaction of $294,990.08. Following the transaction, the chief financial officer now owns 38,386 shares in the company, valued at approximately $2,297,785.96. The disclosure for this sale can be found here. Insiders sold a total of 412,021 shares of company stock worth $24,954,977 in the last ninety days. 4.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on KBH. Royal Bank of Canada raised their target price on KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Keefe, Bruyette & Woods upped their price objective on KB Home from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, March 28th. UBS Group lifted their price target on shares of KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group boosted their price target on KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus target price of $66.11.

KB Home Stock Down 1.1 %

KBH opened at $64.10 on Friday. KB Home has a twelve month low of $38.65 and a twelve month high of $72.00. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.73 and a beta of 1.73. The company has a 50-day simple moving average of $65.78 and a 200 day simple moving average of $58.08.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.19. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Sell-side analysts anticipate that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. KB Home’s payout ratio is 10.88%.

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.