30,884 Shares in KB Home $KBH Purchased by Lincluden Management Ltd.

Lincluden Management Ltd. acquired a new position in KB Home (NYSE:KBH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 30,884 shares of the construction company’s stock, valued at approximately $1,965,000.

A number of other institutional investors have also recently bought and sold shares of the business. United Services Automobile Association acquired a new position in shares of KB Home during the 1st quarter worth approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of KB Home by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock worth $13,108,000 after purchasing an additional 11,103 shares during the period. ProShare Advisors LLC raised its position in shares of KB Home by 4.4% in the second quarter. ProShare Advisors LLC now owns 17,537 shares of the construction company’s stock valued at $929,000 after buying an additional 732 shares in the last quarter. Allworth Financial LP raised its position in shares of KB Home by 75.9% in the second quarter. Allworth Financial LP now owns 2,380 shares of the construction company’s stock valued at $126,000 after buying an additional 1,027 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of KB Home by 7.4% in the second quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock valued at $94,530,000 after buying an additional 123,030 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of NYSE:KBH opened at $54.27 on Tuesday. KB Home has a 1 year low of $48.90 and a 1 year high of $68.71. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 7.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53. The company’s 50 day simple moving average is $60.50 and its 200 day simple moving average is $61.55.

KB Home (NYSE:KBH) last released its earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The company’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.52 earnings per share. As a group, research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, February 5th. KB Home’s dividend payout ratio is currently 20.37%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded KB Home from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. Keefe, Bruyette & Woods dropped their price objective on KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a report on Tuesday, December 23rd. JPMorgan Chase & Co. cut their target price on KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, December 29th. Royal Bank Of Canada reduced their target price on KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a report on Friday, December 19th. Finally, UBS Group decreased their price target on KB Home from $77.00 to $71.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.92.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.