Invictus RG Raises Stake in KB Home (KBH)

Invictus RG lifted its stake in shares of KB Home (NYSE:KBH) by 139.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,282 shares of the construction company’s stock after acquiring an additional 19,354 shares during the period. KB Home makes up about 0.7% of Invictus RG’s investment portfolio, making the stock its 7th largest holding. Invictus RG’s holdings in KB Home were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of KB Home by 17.0% during the second quarter. Russell Investments Group Ltd. now owns 93,500 shares of the construction company’s stock worth $2,241,000 after acquiring an additional 13,600 shares in the last quarter. Renaissance Group LLC bought a new stake in shares of KB Home during the second quarter worth $405,000. Geneva Advisors LLC bought a new stake in shares of KB Home during the second quarter worth $722,000. Chicago Equity Partners LLC increased its position in shares of KB Home by 106.3% during the second quarter. Chicago Equity Partners LLC now owns 192,155 shares of the construction company’s stock worth $4,606,000 after acquiring an additional 99,015 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of KB Home by 2.6% during the second quarter. CIBC World Markets Inc. now owns 186,011 shares of the construction company’s stock worth $4,459,000 after acquiring an additional 4,724 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

KBH has been the subject of several research reports. Wedbush downgraded shares of KB Home from an “outperform” rating to a “neutral” rating in a research 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 restated a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of KB Home in a report on Monday, October 2nd. Finally, KeyCorp restated a “hold” rating on shares of KB Home in a report 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 company’s stock. KB Home currently has an average rating of “Hold” and an average price target of $22.44.

Shares of KB Home (NYSE KBH) traded up $0.30 on Monday, reaching $31.08. 187,366 shares of the company traded hands, compared to its average volume of 2,538,298. KB Home has a fifty-two week low of $15.03 and a fifty-two week high of $31.41. The firm has a market capitalization of $2,662.48, a PE ratio of 22.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.69.

KB Home (NYSE:KBH) last announced its earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. equities research analysts forecast that KB Home will post 1.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Wednesday, November 1st. KB Home’s dividend payout ratio is currently 7.19%.

In other KB Home news, EVP Albert Z. Praw sold 150,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $25.85, for a total value of $3,877,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian J. Woram sold 49,529 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

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About KB Home

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.

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

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