KB Home (NYSE:KBH) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of KB Home (NYSE:KBHGet Rating) by 71.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,800 shares of the construction company’s stock after purchasing an additional 9,500 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in KB Home were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KRS Capital Management LLC acquired a new stake in shares of KB Home during the 4th quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its position in shares of KB Home by 1,375.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the construction company’s stock worth $29,000 after purchasing an additional 839 shares during the last quarter. Allegheny Financial Group LTD acquired a new stake in shares of KB Home during the 4th quarter worth about $48,000. Acadian Asset Management LLC increased its position in shares of KB Home by 36.3% during the 4th quarter. Acadian Asset Management LLC now owns 1,601 shares of the construction company’s stock worth $71,000 after purchasing an additional 426 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of KB Home during the 4th quarter worth about $73,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KBH. Raymond James lowered their target price on KB Home from $63.00 to $44.00 and set a “strong-buy” rating for the company in a report on Wednesday, June 29th. Royal Bank of Canada lowered their target price on KB Home from $55.00 to $51.00 and set an “outperform” rating for the company in a report on Thursday, March 24th. Barclays lowered their target price on KB Home from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. TheStreet cut KB Home from a “b-” rating to a “c+” rating in a report on Friday, June 17th. Finally, StockNews.com began coverage on KB Home in a report on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KB Home has an average rating of “Moderate Buy” and an average target price of $42.23.

KB Home Stock Up 2.4 %

KBH stock opened at $32.13 on Friday. The business has a 50 day moving average price of $30.88 and a 200 day moving average price of $35.11. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 0.49 and a beta of 1.62. KB Home has a fifty-two week low of $24.78 and a fifty-two week high of $50.20.

KB Home (NYSE:KBHGet Rating) last posted its earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net margin of 10.69%. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, sell-side analysts anticipate that KB Home will post 10.28 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, August 3rd. KB Home’s payout ratio is 8.22%.

KB Home Company Profile

(Get Rating)

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.

Further Reading

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

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