Infrastructure Capital Advisors LLC Makes New $742,000 Investment in KB Home $KBH

Infrastructure Capital Advisors LLC bought a new position in KB Home (NYSE:KBH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,853 shares of the construction company’s stock, valued at approximately $742,000.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Eastern Bank acquired a new stake in KB Home in the second quarter valued at approximately $26,000. Parkside Financial Bank & Trust boosted its position in KB Home by 73.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after buying an additional 250 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in KB Home in the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC grew its stake in shares of KB Home by 391.0% during the fourth quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after buying an additional 653 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 4,000 shares of KB Home stock in a transaction dated Thursday, August 6th. The stock was 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 approximately $521,582.72. The trade was a 30.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Albert Z. Praw sold 22,015 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the completion of the sale, the executive vice president owned 104,062 shares in the company, valued at $6,108,439.40. This trade represents a 17.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.69% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays upped 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. Citizens Jmp reissued a “market outperform” rating and set a $77.00 price objective on shares of KB Home in a report on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Wells Fargo & Company upped their target price on KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Finally, UBS Group increased their target price on KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.17.

KB Home Stock Performance

Shares of NYSE KBH opened at $55.45 on Monday. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71. The firm has a 50 day moving average price of $56.86 and a two-hundred day moving average price of $55.28. The stock has a market cap of $3.40 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 9.18 and a beta of 1.35.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted $1.50 EPS. KB Home’s revenue was down 27.3% on a year-over-year basis. Analysts predict that KB Home will post 3.3 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

About KB Home

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.