Suntrust Banks Inc. acquired a new stake in KB Home (NYSE:KBH) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,563 shares of the construction company’s stock, valued at approximately $208,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ARP Americas LP bought a new stake in KB Home in the 4th quarter valued at $968,000. American International Group Inc. lifted its position in KB Home by 1.3% in the 4th quarter. American International Group Inc. now owns 229,689 shares of the construction company’s stock valued at $7,339,000 after acquiring an additional 2,918 shares in the last quarter. HAP Trading LLC lifted its position in KB Home by 140.2% in the 4th quarter. HAP Trading LLC now owns 101,162 shares of the construction company’s stock valued at $3,232,000 after acquiring an additional 59,045 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in KB Home by 2,305.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 233,324 shares of the construction company’s stock valued at $7,455,000 after acquiring an additional 223,624 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in KB Home by 6.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 55,612 shares of the construction company’s stock valued at $1,777,000 after acquiring an additional 3,600 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on KBH. Buckingham Research cut shares of KB Home from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price objective on shares of KB Home to $40.00 and gave the company a “sector perform” rating in a research report on Monday, January 15th. UBS Group boosted their price objective on shares of KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday, January 17th. Mizuho set a $35.00 price objective on shares of KB Home and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $38.00 price target (up from $31.00) on shares of KB Home in a research report on Monday, January 22nd. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.07.
Shares of KB Home (NYSE:KBH) opened at $29.22 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 52-week low of $18.32 and a 52-week high of $38.80. The company has a market cap of $2,535.19, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. sell-side analysts anticipate that KB Home will post 2.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. KB Home’s dividend payout ratio is presently 5.46%.
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KB Home 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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