Allspring Global Investments Holdings LLC Has $645,000 Stock Holdings in KB Home (NYSE:KBH)

Allspring Global Investments Holdings LLC increased its holdings in shares of KB Home (NYSE:KBHFree Report) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,097 shares of the construction company’s stock after purchasing an additional 804 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KB Home were worth $645,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KBH. Nisa Investment Advisors LLC raised its holdings in KB Home by 3.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock valued at $334,000 after acquiring an additional 200 shares in the last quarter. Beck Bode LLC raised its holdings in KB Home by 0.4% in the 4th quarter. Beck Bode LLC now owns 57,114 shares of the construction company’s stock valued at $3,567,000 after acquiring an additional 228 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in KB Home by 2.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock valued at $782,000 after acquiring an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock valued at $201,000 after acquiring an additional 293 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in KB Home by 433.0% in the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after acquiring an additional 394 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on KBH. The Goldman Sachs Group upped their price target on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. Wedbush increased their target price on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. UBS Group increased their target price on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Barclays increased their target price on KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company increased their target price on KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Two equities research analysts have 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.63.

View Our Latest Research Report on KB Home

Insiders Place Their Bets

In other news, EVP Albert Z. Praw sold 22,160 shares of KB Home stock in a transaction 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 directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 135,512 shares in the company, valued at $9,500,746.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the completion of the transaction, the director now owns 48,217 shares in the company, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

KB Home Trading Down 1.8 %

KBH opened at $65.35 on Wednesday. KB Home has a 1-year low of $42.11 and a 1-year high of $74.65. The firm has a 50-day moving average price of $69.31 and a two-hundred day moving average price of $65.84. The stock has a market capitalization of $4.96 billion, a PE ratio of 8.80, a PEG ratio of 0.67 and a beta of 1.80.

KB Home Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Wednesday, May 8th. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s payout ratio is 13.23%.

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.