KB Home (NYSE:KBH) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in shares of KB Home (NYSE:KBHGet Rating) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,100 shares of the construction company’s stock after purchasing an additional 900 shares during the quarter. Swiss National Bank’s holdings in KB Home were worth $5,325,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KBH. Prospera Financial Services Inc acquired a new stake in KB Home during the 1st quarter valued at approximately $28,000. Lazard Asset Management LLC bought a new position in KB Home during the 1st quarter worth approximately $40,000. EverSource Wealth Advisors LLC bought a new position in KB Home during the 2nd quarter worth approximately $49,000. Acadian Asset Management LLC lifted its holdings in KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after buying an additional 568 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in KB Home by 24.3% during the 1st quarter. Signaturefd LLC now owns 2,694 shares of the construction company’s stock worth $87,000 after buying an additional 526 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Insider Activity

In other news, EVP Albert Z. Praw sold 29,777 shares of KB Home stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $28.77, for a total transaction of $856,684.29. Following the transaction, the executive vice president now directly owns 143,363 shares in the company, valued at approximately $4,124,553.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KBH shares. Barclays reduced their target price on KB Home from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, September 22nd. KeyCorp raised KB Home from an “underweight” rating to a “sector weight” rating in a report on Monday, September 19th. JPMorgan Chase & Co. raised their price target on KB Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Raymond James downgraded KB Home from a “strong-buy” rating to a “market perform” rating in a report on Friday, October 21st. Finally, Wedbush cut their price target on KB Home from $60.00 to $44.00 in a report on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.77.

KB Home Price Performance

KBH opened at $30.91 on Friday. KB Home has a 12 month low of $24.78 and a 12 month high of $50.20. The stock has a market cap of $2.65 billion, a P/E ratio of 3.61, a P/E/G ratio of 0.45 and a beta of 1.58. The stock’s 50 day moving average price is $28.33 and its 200 day moving average price is $29.97.

KB Home (NYSE:KBHGet Rating) last posted its earnings results on Wednesday, September 21st. The construction company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.69 by $0.17. KB Home had a return on equity of 23.95% and a net margin of 11.67%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the firm earned $1.64 EPS. The firm’s revenue was up 25.8% compared to the same quarter last year. Equities analysts anticipate that KB Home will post 9.53 EPS for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Thursday, November 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Wednesday, November 9th. KB Home’s dividend payout ratio (DPR) is presently 7.01%.

KB Home Company Profile

(Get Rating)

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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