KB Home (KBH) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Share on StockTwits

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of KB Home (NYSE:KBH) by 181.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,281 shares of the construction company’s stock after purchasing an additional 7,914 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KB Home were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in KBH. Fisher Asset Management LLC lifted its holdings in shares of KB Home by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 3,321,909 shares of the construction company’s stock valued at $63,448,000 after purchasing an additional 18,369 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in KB Home in the 4th quarter valued at approximately $19,051,000. Bank of Montreal Can raised its position in KB Home by 11.5% in the 4th quarter. Bank of Montreal Can now owns 192,401 shares of the construction company’s stock valued at $3,675,000 after buying an additional 19,780 shares during the last quarter. Bowling Portfolio Management LLC raised its position in KB Home by 7.4% in the 4th quarter. Bowling Portfolio Management LLC now owns 80,472 shares of the construction company’s stock valued at $1,537,000 after buying an additional 5,538 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in KB Home by 2,537.0% in the 4th quarter. Meeder Asset Management Inc. now owns 1,424 shares of the construction company’s stock valued at $27,000 after buying an additional 1,370 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

KBH has been the topic of a number of recent research reports. Evercore ISI raised KB Home from an “in-line” rating to an “outperform” rating in a research report on Thursday, October 25th. They noted that the move was a valuation call. Barclays dropped their target price on KB Home from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 15th. Bank of America lowered KB Home from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Thursday, November 15th. Wedbush dropped their target price on KB Home from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, January 10th. Finally, Credit Suisse Group dropped their target price on KB Home from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. KB Home currently has an average rating of “Hold” and an average price target of $26.13.

Shares of NYSE:KBH traded up $0.75 during trading on Tuesday, hitting $22.24. 403,819 shares of the company were exchanged, compared to its average volume of 1,837,506. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. KB Home has a fifty-two week low of $16.82 and a fifty-two week high of $31.83. The company has a quick ratio of 0.94, a current ratio of 4.81 and a debt-to-equity ratio of 0.99.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. KB Home had a return on equity of 14.31% and a net margin of 3.75%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. As a group, analysts anticipate that KB Home will post 2.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Thursday, February 7th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Wednesday, February 6th. KB Home’s dividend payout ratio (DPR) is 35.46%.

TRADEMARK VIOLATION NOTICE: This article was published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/4146511/kb-home-kbh-holdings-lifted-by-zurcher-kantonalbank-zurich-cantonalbank.html.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

Featured Story: Book Value Per Share – BVPS

Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home (NYSE:KBH).

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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.

Latest News

Content and AD Network  Price Down 6.4% This Week
Content and AD Network Price Down 6.4% This Week
Ramsey Quantitative Systems Acquires New Holdings in Woodward, Inc.Common Stock
Ramsey Quantitative Systems Acquires New Holdings in Woodward, Inc.Common Stock
3,630 Shares in Southwest Gas Holdings Inc  Purchased by Ramsey Quantitative Systems
3,630 Shares in Southwest Gas Holdings Inc Purchased by Ramsey Quantitative Systems
Netflix, Inc.  Shares Bought by IMS Capital Management
Netflix, Inc. Shares Bought by IMS Capital Management
Ramsey Quantitative Systems Acquires 595 Shares of Quanta Services Inc
Ramsey Quantitative Systems Acquires 595 Shares of Quanta Services Inc
JNBA Financial Advisors Takes $105,000 Position in Xcel Energy Inc
JNBA Financial Advisors Takes $105,000 Position in Xcel Energy Inc


Leave a Reply

© 2006-2019 Ticker Report