Raymond James & Associates Has $1.76 Million Stock Holdings in KB Home (NYSE:KBH)

Raymond James & Associates cut its position in KB Home (NYSE:KBH) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,213 shares of the construction company’s stock after selling 1,963 shares during the period. Raymond James & Associates’ holdings in KB Home were worth $1,762,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in KB Home by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock valued at $258,098,000 after purchasing an additional 108,191 shares during the last quarter. Macquarie Group Ltd. increased its holdings in KB Home by 2.2% during the 2nd quarter. Macquarie Group Ltd. now owns 3,980,992 shares of the construction company’s stock worth $113,299,000 after purchasing an additional 85,582 shares in the last quarter. State Street Corp increased its holdings in KB Home by 0.3% during the 1st quarter. State Street Corp now owns 2,793,847 shares of the construction company’s stock worth $112,257,000 after purchasing an additional 7,935 shares in the last quarter. AQR Capital Management LLC increased its holdings in KB Home by 93.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock worth $116,942,000 after purchasing an additional 1,223,612 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in KB Home by 125.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after purchasing an additional 1,156,233 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on KBH shares. The Goldman Sachs Group boosted their price objective on KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. StockNews.com lowered KB Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Wedbush boosted their price objective on KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada boosted their price objective on KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company boosted their target price on KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.11.

KB Home Price Performance

NYSE:KBH opened at $60.90 on Thursday. The company has a market cap of $4.62 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.71 and a beta of 1.73. The stock’s fifty day moving average price is $65.93 and its two-hundred day moving average price is $58.40. KB Home has a 1 year low of $39.75 and a 1 year high of $72.00.

KB Home (NYSE:KBH) last posted its 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 earnings per share. On average, analysts expect that KB Home will post 8.01 earnings per share for the current fiscal year.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Arthur Reginald Collins sold 5,500 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the transaction, the director now owns 9,098 shares of the company’s stock, valued at $546,971.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,021 shares of company stock valued at $24,954,977. 3.52% of the stock is currently owned by company insiders.

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.