Cwm LLC Has $212,000 Stock Position in KB Home $KBH

Cwm LLC boosted its stake in KB Home (NYSE:KBH) by 99.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,998 shares of the construction company’s stock after buying an additional 1,991 shares during the period. Cwm LLC’s holdings in KB Home were worth $212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of KB Home by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,944 shares of the construction company’s stock valued at $1,392,000 after buying an additional 819 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of KB Home by 0.4% in the first quarter. Principal Financial Group Inc. now owns 208,222 shares of the construction company’s stock valued at $12,102,000 after buying an additional 902 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of KB Home by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company’s stock valued at $44,384,000 after buying an additional 6,856 shares in the last quarter. GAMMA Investing LLC raised its position in shares of KB Home by 64.3% in the first quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company’s stock valued at $96,000 after buying an additional 649 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of KB Home by 52.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,844 shares of the construction company’s stock valued at $750,000 after buying an additional 4,405 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of KB Home from $58.00 to $59.00 and gave the stock a “sector perform” rating in a report on Thursday, September 25th. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Oppenheimer began coverage on shares of KB Home in a report on Wednesday, September 3rd. They set a “market perform” rating for the company. Finally, Evercore ISI set a $65.00 price target on shares of KB Home and gave the stock an “in-line” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.36.

KB Home Price Performance

Shares of NYSE:KBH opened at $63.86 on Wednesday. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 5.20 and a beta of 1.40. The firm has a 50 day simple moving average of $63.34 and a 200 day simple moving average of $57.61. KB Home has a one year low of $48.90 and a one year high of $85.66.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.50 by $0.11. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.59 billion. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.04 EPS. As a group, analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home’s dividend payout ratio (DPR) is presently 13.25%.

About KB Home

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.