James Investment Research Inc. Purchases New Position in KB Home (KBH)
James Investment Research Inc. purchased a new position in KB Home (NYSE:KBH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,910 shares of the construction company’s stock, valued at approximately $1,484,000. James Investment Research Inc. owned approximately 0.07% of KB Home at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of KB Home by 19,999.6% in the first quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock worth $200,078,000 after buying an additional 10,014,198 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of KB Home by 2.5% in the first quarter. Donald Smith & CO. Inc. now owns 6,930,463 shares of the construction company’s stock worth $137,778,000 after buying an additional 169,696 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of KB Home by 4.0% in the first quarter. Vanguard Group Inc. now owns 6,392,286 shares of the construction company’s stock worth $127,079,000 after buying an additional 244,007 shares in the last quarter. State Street Corp increased its stake in shares of KB Home by 1.7% in the first quarter. State Street Corp now owns 2,582,322 shares of the construction company’s stock worth $51,341,000 after buying an additional 42,224 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of KB Home by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,422,346 shares of the construction company’s stock worth $38,298,000 after buying an additional 402,390 shares in the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of KB Home (NYSE KBH) opened at 23.43 on Thursday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 18.05 and a beta of 1.64. The firm’s 50-day moving average price is $22.67 and its 200-day moving average price is $19.73. KB Home has a one year low of $14.06 and a one year high of $24.37.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, June 27th. The construction company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts forecast that KB Home will post $1.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Tuesday, August 1st. KB Home’s payout ratio is currently 7.69%.
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A number of brokerages have weighed in on KBH. Barclays PLC downgraded KB Home to a “sell” rating in a report on Tuesday, July 11th. Mizuho downgraded KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 target price on the stock. in a report on Monday, July 10th. Deutsche Bank AG raised their target price on KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada raised their target price on KB Home from $22.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, June 28th. Finally, Bank of America Corporation raised their target price on KB Home from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. KB Home has an average rating of “Hold” and a consensus price target of $19.63.
In related news, CFO Jeff Kaminski sold 163,017 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $23.40, for a total value of $3,814,597.80. Following the completion of the transaction, the chief financial officer now directly owns 178,251 shares of the company’s stock, valued at $4,171,073.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.60% of the stock is owned by corporate insiders.
About KB Home
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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