Artemis Investment Management LLP Increases Stake in KB Home (KBH)

Artemis Investment Management LLP grew its holdings in shares of KB Home (NYSE:KBH) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 374,900 shares of the construction company’s stock after buying an additional 18,600 shares during the period. Artemis Investment Management LLP owned 0.43% of KB Home worth $9,044,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of KB Home by 19,999.6% during the 1st quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock valued at $200,078,000 after buying an additional 10,014,198 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of KB Home by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock valued at $165,031,000 after buying an additional 492,594 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of KB Home by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock valued at $67,196,000 after buying an additional 394,584 shares in the last quarter. State Street Corp boosted its holdings in shares of KB Home by 3.2% during the 2nd quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock valued at $63,890,000 after buying an additional 83,179 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of KB Home by 30.1% during the 2nd quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock valued at $50,744,000 after buying an additional 490,000 shares in the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

In other news, EVP Albert Z. Praw sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $25.85, for a total transaction of $3,877,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian J. Woram sold 49,529 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total value of $1,342,731.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 656,934 shares of company stock valued at $15,675,453. Insiders own 8.60% of the company’s stock.

Shares of KB Home (KBH) traded down $0.42 during trading hours on Friday, reaching $27.12. The company’s stock had a trading volume of 3,072,922 shares, compared to its average volume of 2,241,995. The firm has a market cap of $2.31 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.78 and a beta of 1.66.

KB Home (NYSE:KBH) last issued its earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. KB Home’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. equities research analysts forecast that KB Home will post 1.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. KB Home’s dividend payout ratio is presently 7.19%.

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KBH has been the topic of a number of research reports. Wedbush cut shares of KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of KB Home in a report on Friday, September 29th. BidaskClub cut shares of KB Home from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. MKM Partners reiterated a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of KB Home in a research note on Monday, October 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of KB Home in a research note on Tuesday, September 26th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.06.

KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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