Fidelis Capital Partners LLC Invests $60,000 in KB Home (NYSE:KBH)

Fidelis Capital Partners LLC bought a new position in shares of KB Home (NYSE:KBHFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 847 shares of the construction company’s stock, valued at approximately $60,000.

Several other large investors have also recently modified their holdings of KBH. Jacobs Levy Equity Management Inc. boosted its holdings in KB Home by 225.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock worth $41,435,000 after buying an additional 620,238 shares during the period. Wedge Capital Management L L P NC boosted its stake in KB Home by 2,728.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 642,869 shares of the construction company’s stock worth $45,567,000 after purchasing an additional 620,144 shares during the period. Norges Bank purchased a new position in KB Home during the 4th quarter valued at about $36,761,000. American Century Companies Inc. increased its position in shares of KB Home by 32.3% during the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock valued at $57,927,000 after buying an additional 305,820 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of KB Home by 3.5% in the third quarter. Vanguard Group Inc. now owns 7,819,706 shares of the construction company’s stock worth $361,896,000 after buying an additional 263,194 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Trading Up 1.1 %

Shares of NYSE KBH opened at $66.59 on Tuesday. The stock’s 50-day moving average is $69.30 and its 200 day moving average is $65.81. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.67 and a beta of 1.80. KB Home has a 1-year low of $42.11 and a 1-year high of $74.65.

KB Home Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, May 8th. KB Home’s payout ratio is presently 13.23%.

Insider Activity

In related news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the transaction, the director now owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total value of $1,553,637.60. Following the completion of the sale, the executive vice president now owns 135,512 shares in the company, valued at $9,500,746.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the sale, the director now directly owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. 3.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wedbush boosted their price objective on shares of KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 20th. The Goldman Sachs Group upped their price target on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. Zelman & Associates reissued an “underperform” rating and set a $69.00 price objective on shares of KB Home in a research note on Monday, May 13th. StockNews.com lowered KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Barclays lifted their price target on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.63.

Check Out Our Latest Analysis on KBH

KB Home Company Profile

(Free Report)

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.

See Also

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

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.