KB Home (NYSE:KBH) Shares Purchased by KBC Group NV

KBC Group NV raised its position in shares of KB Home (NYSE:KBH) by 12.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,372 shares of the construction company’s stock after buying an additional 365 shares during the quarter. KBC Group NV’s holdings in KB Home were worth $196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KBH. US Bancorp DE raised its stake in KB Home by 1.8% during the fourth quarter. US Bancorp DE now owns 12,691 shares of the construction company’s stock valued at $834,000 after buying an additional 227 shares in the last quarter. Jones Financial Companies Lllp raised its stake in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Victory Capital Management Inc. raised its stake in KB Home by 40.8% during the fourth quarter. Victory Capital Management Inc. now owns 75,409 shares of the construction company’s stock valued at $4,956,000 after buying an additional 21,852 shares in the last quarter. Atria Investments Inc raised its stake in KB Home by 5.0% during the fourth quarter. Atria Investments Inc now owns 7,991 shares of the construction company’s stock valued at $525,000 after buying an additional 381 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in KB Home during the fourth quarter valued at approximately $1,434,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Down 3.1%

KBH opened at $54.00 on Monday. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60. The stock has a market cap of $3.87 billion, a P/E ratio of 7.15, a P/E/G ratio of 4.27 and a beta of 1.34. The stock’s 50 day moving average price is $53.09 and its 200 day moving average price is $58.66.

KB Home (NYSE:KBH) last posted its earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $2.15 EPS. The firm’s revenue was down 10.5% compared to the same quarter last year. As a group, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, May 8th. KB Home’s dividend payout ratio is currently 13.25%.

Analysts Set New Price Targets

KBH has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and set a $75.00 price target on shares of KB Home in a research report on Tuesday, March 25th. Evercore ISI dropped their price target on KB Home from $77.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 24th. Barclays set a $49.00 price target on KB Home and gave the stock an “equal weight” rating in a research report on Tuesday, June 24th. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a research report on Saturday, June 28th. Finally, Bank of America dropped their price target on KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.14.

Insider Transactions at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the transaction, the director directly owned 10,262 shares of the company’s stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.89% of the company’s stock.

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.