KB Home $KBH Stake Lessened by Gradient Investments LLC

Gradient Investments LLC lessened its holdings in KB Home (NYSE:KBH) by 28.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,953 shares of the construction company’s stock after selling 10,557 shares during the period. Gradient Investments LLC’s holdings in KB Home were worth $1,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Deprince Race & Zollo Inc. lifted its stake in KB Home by 13.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after acquiring an additional 122,457 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in KB Home during the 4th quarter worth about $4,232,000. M&T Bank Corp grew its stake in KB Home by 673.5% during the 4th quarter. M&T Bank Corp now owns 49,046 shares of the construction company’s stock valued at $2,767,000 after acquiring an additional 42,705 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in KB Home during the 4th quarter valued at about $1,292,000. Finally, 1492 Capital Management LLC acquired a new position in shares of KB Home in the 1st quarter valued at about $3,038,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Activity at KB Home

In other news, EVP Albert Z. Praw sold 22,015 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the transaction, the executive vice president owned 104,062 shares in the company, valued at $6,108,439.40. This represents a 17.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur Reginald Collins sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the transaction, the director owned 9,157 shares in the company, valued at $521,582.72. This represents a 30.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.69% of the company’s stock.

KB Home Price Performance

KBH opened at $58.62 on Monday. The company has a market capitalization of $3.59 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 9.71 and a beta of 1.35. KB Home has a fifty-two week low of $44.03 and a fifty-two week high of $68.71. The business has a 50-day moving average of $56.18 and a 200-day moving average of $55.49.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.50 EPS. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post 3.3 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, August 6th. KB Home’s payout ratio is currently 34.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KBH shares. Citizens Jmp reissued a “market outperform” rating and issued a $77.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price objective on shares of KB Home in a research report on Wednesday, June 24th. UBS Group upped their price objective on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings raised shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus target price of $60.17.

KB Home Profile

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.