Janus Henderson Group PLC Has $1.48 Million Holdings in KB Home $KBH

Janus Henderson Group PLC lessened its position in shares of KB Home (NYSE:KBH) by 91.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 28,624 shares of the construction company’s stock after selling 322,466 shares during the period. Janus Henderson Group PLC’s holdings in KB Home were worth $1,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Deprince Race & Zollo Inc. raised its position in shares of KB Home by 13.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after acquiring an additional 122,457 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of KB Home during the 4th quarter valued at about $4,232,000. M&T Bank Corp grew its stake in KB Home by 673.5% during the fourth quarter. M&T Bank Corp now owns 49,046 shares of the construction company’s stock worth $2,767,000 after purchasing an additional 42,705 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in KB Home in the fourth quarter worth approximately $1,292,000. Finally, 1492 Capital Management LLC bought a new stake in KB Home in the first quarter worth approximately $3,038,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Up 0.1%

Shares of KB Home stock opened at $58.62 on Monday. The company has a market cap of $3.59 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 9.71 and a beta of 1.35. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71. The business has a 50 day moving average price of $56.18 and a 200-day moving average price of $55.49.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $1.50 EPS. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, research analysts anticipate that KB Home will post 3.3 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.7%. KB Home’s dividend payout ratio (DPR) is 34.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citizens Jmp restated a “market outperform” rating and set a $77.00 price target on shares of KB Home in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Citigroup reiterated a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. UBS Group increased their target price on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Barclays raised their price target on shares of KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, KB Home has a consensus rating of “Hold” and a consensus price target of $60.17.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 4,000 shares of KB Home stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the transaction, the director directly owned 9,157 shares of the company’s stock, valued at $521,582.72. The trade was a 30.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Albert Z. Praw sold 22,015 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at approximately $6,108,439.40. The trade was a 17.46% decrease in their position. The SEC filing for this sale provides additional information. 4.69% of the stock is owned by insiders.

KB Home Company 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.