US Bancorp DE boosted its stake in KB Home (NYSE:KBH – Free Report) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,661 shares of the construction company’s stock after buying an additional 1,042 shares during the quarter. US Bancorp DE’s holdings in KB Home were worth $1,253,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBH. AQR Capital Management LLC raised its holdings in shares of KB Home by 116.1% during the 1st quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company’s stock valued at $53,957,000 after purchasing an additional 506,415 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of KB Home by 326.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 456,200 shares of the construction company’s stock valued at $26,514,000 after purchasing an additional 349,298 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of KB Home by 408.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 300,739 shares of the construction company’s stock valued at $15,930,000 after purchasing an additional 241,608 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of KB Home by 511.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 196,800 shares of the construction company’s stock valued at $10,424,000 after purchasing an additional 164,600 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of KB Home by 83.5% during the 1st quarter. Great Lakes Advisors LLC now owns 186,496 shares of the construction company’s stock valued at $10,839,000 after purchasing an additional 84,875 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.
KB Home Price Performance
Shares of KBH opened at $61.34 on Friday. The company has a market capitalization of $3.97 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 5.08 and a beta of 1.40. KB Home has a one year low of $48.90 and a one year high of $85.92. The company’s fifty day moving average price is $63.18 and its 200 day moving average price is $57.13.
KB Home Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio (DPR) is currently 13.25%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Evercore ISI set a $65.00 price target on shares of KB Home and gave the company an “in-line” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $65.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, June 26th. Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. Finally, Barclays set a $49.00 price target on shares of KB Home and gave the company an “equal weight” rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, KB Home has a consensus rating of “Hold” and a consensus price target of $64.36.
Get Our Latest Stock Report on KB Home
KB Home 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.
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