Infrastructure Capital Advisors LLC Buys New Holdings in KB Home $KBH

Infrastructure Capital Advisors LLC bought a new position in KB Home (NYSE:KBH) in the 1st quarter, HoldingsChannel.com reports. The firm bought 10,130 shares of the construction company’s stock, valued at approximately $524,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. increased its holdings in KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after buying an additional 220 shares during the period. First Horizon Corp lifted its holdings in shares of KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares during the period. Fulcrum Asset Management LLP acquired a new stake in shares of KB Home during the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC boosted its position in shares of KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $53.00 price target on shares of KB Home in a research note on Wednesday, June 24th. Seaport Research Partners reaffirmed a “sell” rating and set a $43.00 price objective (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. UBS Group upped their price objective on KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Citigroup restated a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.17.

KB Home Stock Performance

KBH opened at $57.65 on Tuesday. The firm’s 50-day simple moving average is $54.56 and its 200-day simple moving average is $55.70. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 9.41 and a beta of 1.34.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, sell-side analysts anticipate that KB Home will post 3.3 EPS for the current fiscal year.

KB Home Announces Dividend

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

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.