AllSquare Wealth Management LLC Acquires Shares of 4,700 KB Home (KBH)
AllSquare Wealth Management LLC acquired a new stake in KB Home (NYSE:KBH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,700 shares of the construction company’s stock, valued at approximately $113,000.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position 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 valued at $200,078,000 after acquiring an additional 10,014,198 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of KB Home by 7.7% in the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after buying an additional 492,594 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of KB Home by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after buying an additional 394,584 shares in the last quarter. State Street Corp lifted its position in shares of KB Home by 3.2% in the second quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock worth $63,890,000 after buying an additional 83,179 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of KB Home by 30.1% in the second quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after buying an additional 490,000 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.
A number of equities research analysts recently commented on the company. BTIG Research reiterated a “sell” rating and issued a $16.00 target price on shares of KB Home in a research report on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 target price on shares of KB Home in a research report on Tuesday, August 29th. Wedbush reiterated an “ourperform” rating and issued a $26.00 target price on shares of KB Home in a research report on Saturday, September 16th. UBS AG assumed coverage on KB Home in a research report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 target price on the stock. Finally, Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.06.
Shares of KB Home (KBH) traded down $0.40 during trading hours on Monday, reaching $28.11. The company had a trading volume of 2,298,100 shares, compared to its average volume of 2,558,005. KB Home has a 52 week low of $15.01 and a 52 week high of $28.56. The company has a market capitalization of $2,440.00, a PE ratio of 20.22, a P/E/G ratio of 0.82 and a beta of 1.66.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. KB Home’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. research analysts predict that KB Home will post 1.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. KB Home’s dividend payout ratio is currently 7.19%.
In other KB Home news, EVP Brian J. Woram sold 49,529 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Albert Z. Praw sold 150,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $25.85, for a total value of $3,877,500.00. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.
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KB Home Company 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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