UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.55 Million Stock Position in KB Home $KBH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of KB Home (NYSE:KBH) by 13.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,595 shares of the construction company’s stock after selling 24,381 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in KB Home were worth $9,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank bought a new stake in KB Home in the second quarter valued at approximately $26,000. Bessemer Group Inc. lifted its holdings in shares of KB Home by 80.0% during the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after buying an additional 220 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after purchasing an additional 250 shares during the period. Fulcrum Asset Management LLP acquired a new stake in shares of KB Home in the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC lifted its position in shares of KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after acquiring an additional 653 shares during the period. 96.09% of the stock is owned by institutional investors.

Insider Activity

In other KB Home news, Director Arthur Collins sold 4,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the transaction, the director owned 9,157 shares in the company, valued at $521,582.72. This represents a 30.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Albert Z. Praw sold 22,015 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the transaction, 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of recent analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $77.00 price target on shares of KB Home in a report on Wednesday, June 24th. Barclays increased their target price on KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings lowered shares of KB Home from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price objective on shares of KB Home in a research note on Wednesday, June 24th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.17.

KB Home Stock Up 0.1%

Shares of KBH opened at $52.28 on Monday. The stock has a market cap of $3.21 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.68 and a beta of 1.34. The business’s fifty day moving average is $56.52 and its 200 day moving average is $54.66. KB Home has a 12-month low of $44.03 and a 12-month high of $68.71.

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

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, August 6th. KB Home’s payout ratio 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.