Comerica Bank boosted its position in shares of KB Home (NYSE:KBH) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,963 shares of the construction company’s stock after buying an additional 2,814 shares during the period. Comerica Bank owned about 0.08% of KB Home worth $1,352,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its stake in KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock worth $110,000 after buying an additional 1,020 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in KB Home by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,316 shares of the construction company’s stock worth $195,000 after buying an additional 80 shares in the last quarter. Hartwell J M Limited Partnership purchased a new stake in KB Home during the first quarter worth about $209,000. Gideon Capital Advisors Inc. purchased a new stake in KB Home during the fourth quarter worth about $230,000. Finally, USA Financial Portformulas Corp purchased a new stake in KB Home during the fourth quarter worth about $259,000. Institutional investors and hedge funds own 98.85% of the company’s stock.
KB Home (NYSE:KBH) opened at 21.63 on Friday. The stock has a market capitalization of $1.84 billion, a PE ratio of 18.97 and a beta of 1.83. KB Home has a 12-month low of $14.01 and a 12-month high of $22.33. The company has a 50-day moving average price of $21.14 and a 200-day moving average price of $18.57.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Thursday, March 23rd. The construction company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. KB Home had a return on equity of 6.30% and a net margin of 2.86%. The company had revenue of $818.60 million for the quarter, compared to analyst estimates of $797.78 million. During the same period last year, the company earned $0.14 earnings per share. KB Home’s quarterly revenue was up 20.7% compared to the same quarter last year. Analysts expect that KB Home will post $1.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Tuesday, May 2nd. KB Home’s payout ratio is currently 8.77%.
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KBH has been the subject of a number of recent research reports. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, June 7th. Wedbush set a $24.00 price target on KB Home and gave the company a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price target on shares of KB Home in a research note on Friday, March 24th. Deutsche Bank AG boosted their price target on KB Home from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, March 29th. Finally, JMP Securities downgraded KB Home from an “outperform” rating to a “market perform” rating in a research note on Monday, March 27th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.75.
In other KB Home news, SVP Thomas F. Norton sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $19.81, for a total value of $891,450.00. Following the sale, the senior vice president now directly owns 106,429 shares of the company’s stock, valued at $2,108,358.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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