JPMorgan Chase & Co. Has $26.62 Million Stock Position in KB Home $KBH

JPMorgan Chase & Co. lifted its holdings in KB Home (NYSE:KBH) by 24.6% in the 3rd quarter, Holdings Channel reports. The firm owned 418,328 shares of the construction company’s stock after buying an additional 82,592 shares during the quarter. JPMorgan Chase & Co.’s holdings in KB Home were worth $26,622,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of KB Home by 204.8% in the third quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock worth $4,396,000 after buying an additional 46,415 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of KB Home during the 3rd quarter worth about $1,551,000. Deprince Race & Zollo Inc. acquired a new position in shares of KB Home during the 3rd quarter valued at about $59,301,000. Creative Planning increased its holdings in shares of KB Home by 75.1% during the 2nd quarter. Creative Planning now owns 46,524 shares of the construction company’s stock valued at $2,464,000 after acquiring an additional 19,956 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of KB Home in the 3rd quarter valued at approximately $1,451,000. 96.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Zacks Research cut KB Home from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $66.00 price target on shares of KB Home in a research report on Tuesday, January 13th. Bank of America reduced their price objective on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a report on Tuesday, December 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.92.

KB Home Stock Performance

Shares of NYSE KBH opened at $53.20 on Tuesday. KB Home has a 12 month low of $48.90 and a 12 month high of $68.71. The company has a market cap of $3.36 billion, a P/E ratio of 10.84, a P/E/G ratio of 6.80 and a beta of 1.47. The business’s 50 day moving average is $59.93 and its two-hundred day moving average is $61.17. The company has a quick ratio of 0.53, a current ratio of 5.77 and a debt-to-equity ratio of 0.43.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. KB Home’s dividend payout ratio (DPR) is presently 20.37%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.