CHICAGO TRUST Co NA Makes New Investment in KB Home (NYSE:KBH)

CHICAGO TRUST Co NA bought a new stake in KB Home (NYSE:KBH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,056 shares of the construction company’s stock, valued at approximately $519,000.

A number of other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new position in KB Home in the 1st quarter valued at $60,000. Plato Investment Management Ltd lifted its stake in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after buying an additional 452 shares in the last quarter. Tortoise Investment Management LLC boosted its position in KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after acquiring an additional 963 shares during the last quarter. Manchester Capital Management LLC grew its stake in KB Home by 134.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after acquiring an additional 652 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in KB Home during the 1st quarter valued at about $120,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KBH shares. Keefe, Bruyette & Woods boosted their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Barclays boosted their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group upped their target price on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Evercore ISI lifted their price target on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average price target of $77.50.

KB Home Price Performance

Shares of KBH opened at $79.72 on Monday. The firm has a 50 day simple moving average of $82.44 and a 200-day simple moving average of $74.65. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. KB Home has a 1-year low of $42.11 and a 1-year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 earnings per share. On average, equities analysts expect that KB Home will post 8.41 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.25%. KB Home’s payout ratio is currently 13.23%.

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.