Tower Research Capital LLC TRC lifted its holdings in shares of KB Home (NYSE:KBH – Get Rating) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,650 shares of the construction company’s stock after purchasing an additional 2,474 shares during the period. Tower Research Capital LLC TRC’s holdings in KB Home were worth $328,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in KBH. FMR LLC raised its stake in KB Home by 99.2% during the 2nd quarter. FMR LLC now owns 4,341,247 shares of the construction company’s stock worth $123,552,000 after buying an additional 2,161,680 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in KB Home by 125.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after acquiring an additional 1,156,233 shares during the last quarter. Pictet Asset Management SA purchased a new position in KB Home during the 2nd quarter worth $21,899,000. AQR Capital Management LLC boosted its holdings in KB Home by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 669,729 shares of the construction company’s stock worth $18,538,000 after acquiring an additional 409,273 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in KB Home by 902.1% during the 3rd quarter. Victory Capital Management Inc. now owns 366,898 shares of the construction company’s stock worth $9,510,000 after acquiring an additional 330,286 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on KBH. Barclays lifted their price objective on shares of KB Home from $41.00 to $42.00 in a report on Wednesday, December 14th. TheStreet raised shares of KB Home from a “c+” rating to a “b-” rating in a report on Wednesday, January 18th. The Goldman Sachs Group lifted their price objective on shares of KB Home from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. JPMorgan Chase & Co. boosted their price target on shares of KB Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, November 22nd. Finally, Royal Bank of Canada downgraded shares of KB Home from an “outperform” rating to a “sector perform” rating and set a $34.00 price target on the stock. in a report on Friday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.46.
KB Home Stock Down 0.2 %
KB Home (NYSE:KBH – Get Rating) last released its quarterly earnings data on Wednesday, January 11th. The construction company reported $2.47 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.38). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 11.83% and a return on equity of 24.06%. As a group, equities research analysts anticipate that KB Home will post 4.12 EPS for the current year.
KB Home Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Thursday, February 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, February 1st. KB Home’s dividend payout ratio is presently 6.58%.
KB Home Profile
KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.
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