DekaBank Deutsche Girozentrale grew its stake in shares of KB Home (NYSE:KBH – Get Rating) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,000 shares of the construction company’s stock after acquiring an additional 3,100 shares during the period. DekaBank Deutsche Girozentrale’s holdings in KB Home were worth $1,138,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in KBH. KRS Capital Management LLC purchased a new stake in shares of KB Home during the fourth quarter worth $29,000. Massmutual Trust Co. FSB ADV lifted its position in shares of KB Home by 1,375.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the construction company’s stock worth $29,000 after acquiring an additional 839 shares in the last quarter. Allegheny Financial Group LTD purchased a new stake in shares of KB Home during the fourth quarter worth $48,000. Acadian Asset Management LLC lifted its position in shares of KB Home by 36.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,601 shares of the construction company’s stock worth $71,000 after acquiring an additional 426 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of KB Home by 29.1% in the first quarter. Harbor Investment Advisory LLC now owns 2,221 shares of the construction company’s stock worth $72,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on KBH. Evercore ISI upped their price target on shares of KB Home from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, June 23rd. Barclays decreased their price target on shares of KB Home from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, June 8th. The Goldman Sachs Group decreased their price target on shares of KB Home from $55.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. JPMorgan Chase & Co. decreased their price target on shares of KB Home from $49.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Finally, Wells Fargo & Company decreased their price target on shares of KB Home from $40.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, June 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KB Home currently has an average rating of “Moderate Buy” and a consensus target price of $42.23.
KB Home Stock Up 0.9 %
KBH opened at $32.42 on Friday. The business’s fifty day simple moving average is $30.87 and its 200 day simple moving average is $35.03. KB Home has a 52 week low of $24.78 and a 52 week high of $50.20. The stock has a market cap of $2.83 billion, a PE ratio of 4.44, a P/E/G ratio of 0.49 and a beta of 1.62.
KB Home (NYSE:KBH – Get Rating) last announced its quarterly earnings data on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net margin of 10.69%. During the same quarter in the previous year, the company earned $1.50 EPS. As a group, equities analysts anticipate that KB Home will post 10.28 earnings per share for the current year.
KB Home Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.85%. KB Home’s dividend payout ratio (DPR) is currently 8.22%.
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.
Receive News & Ratings for KB Home Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for KB Home and related companies with MarketBeat.com’s FREE daily email newsletter.