Loomis Sayles & Co. L P Has $16.06 Million Stock Holdings in KB Home (NYSE:KBH)

Loomis Sayles & Co. L P reduced its position in shares of KB Home (NYSE:KBH) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,427 shares of the construction company’s stock after selling 7,309 shares during the period. Loomis Sayles & Co. L P owned about 0.26% of KB Home worth $16,061,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.52% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the topic of a number of analyst reports. Barclays upped their price target on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $80.00 to $83.00 in a report on Monday, October 7th. The Goldman Sachs Group raised their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Finally, Wedbush increased their price objective 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. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Price Performance

KBH stock opened at $82.69 on Wednesday. The company’s 50-day moving average is $81.54 and its 200-day moving average is $77.79. The stock has a market capitalization of $6.06 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81. KB Home has a 1 year low of $51.53 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings data 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 net margin of 9.31% and a return on equity of 15.69%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the business posted $1.80 EPS. The company’s revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.21%. KB Home’s payout ratio is 12.82%.

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.