KB Home (NYSE:KBH) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lessened its holdings in shares of KB Home (NYSE:KBH) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,731 shares of the construction company’s stock after selling 325 shares during the period. CHICAGO TRUST Co NA’s holdings in KB Home were worth $377,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after buying an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Neo Ivy Capital Management acquired a new position in KB Home during the third quarter worth about $956,000. Cerity Partners LLC lifted its holdings in shares of KB Home by 24.7% in the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of KB Home by 62.1% in the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock valued at $9,173,000 after purchasing an additional 40,992 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Stock Up 1.4 %

KB Home stock opened at $64.07 on Tuesday. The firm has a fifty day moving average of $73.85 and a 200-day moving average of $78.01. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The firm has a market capitalization of $4.70 billion, a P/E ratio of 8.21, a PEG ratio of 0.57 and a beta of 1.86.

KB Home (NYSE:KBH) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KBH shares. Wedbush lifted their price objective on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and decreased their price objective for the company from $70.00 to $67.00 in a research note on Friday. Bank of America boosted their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, Wells Fargo & Company cut their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus price target of $79.25.

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.