Vontobel Holding Ltd. acquired a new stake in shares of KB Home (NYSE:KBH) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,328 shares of the construction company’s stock, valued at approximately $667,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBH. California Public Employees Retirement System raised its holdings in KB Home by 1.6% during the fourth quarter. California Public Employees Retirement System now owns 215,199 shares of the construction company’s stock valued at $7,213,000 after acquiring an additional 3,469 shares during the period. GSA Capital Partners LLP bought a new stake in KB Home during the 4th quarter valued at approximately $301,000. AdvisorNet Financial Inc lifted its holdings in KB Home by 1,041.8% in the 4th quarter. AdvisorNet Financial Inc now owns 7,102 shares of the construction company’s stock worth $238,000 after purchasing an additional 6,480 shares in the last quarter. US Bancorp DE boosted its stake in KB Home by 6.0% in the 4th quarter. US Bancorp DE now owns 43,555 shares of the construction company’s stock worth $1,459,000 after purchasing an additional 2,471 shares during the period. Finally, SG Americas Securities LLC grew its holdings in KB Home by 1,304.8% during the 4th quarter. SG Americas Securities LLC now owns 54,789 shares of the construction company’s stock valued at $1,837,000 after buying an additional 50,889 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group upped their target price on shares of KB Home from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, February 11th. Wolfe Research assumed coverage on KB Home in a research report on Tuesday, March 16th. They set an “outperform” rating for the company. Zacks Investment Research raised KB Home from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a report on Thursday, May 27th. Wells Fargo & Company started coverage on KB Home in a research note on Wednesday, April 21st. They set an “overweight” rating and a $55.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on KB Home from $44.00 to $48.00 and gave the stock a “market perform” rating in a research note on Thursday, March 25th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $46.93.
Shares of NYSE:KBH opened at $43.39 on Friday. The stock’s 50 day moving average is $47.26. KB Home has a one year low of $27.51 and a one year high of $52.48. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.33 and a beta of 1.81.
KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, March 23rd. The construction company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. KB Home had a return on equity of 12.74% and a net margin of 7.85%. KB Home’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. Equities research analysts forecast that KB Home will post 5.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Thursday, May 6th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. KB Home’s dividend payout ratio is currently 19.17%.
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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