International Assets Investment Management LLC Takes Position in KB Home (NYSE:KBH)

International Assets Investment Management LLC bought a new stake in KB Home (NYSE:KBH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,742 shares of the construction company’s stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp raised its holdings in KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares in the last quarter. Whittier Trust Co. acquired a new stake in KB Home in the fourth quarter valued at $62,000. CI Investments Inc. acquired a new stake in KB Home in the third quarter valued at $145,000. NBC Securities Inc. acquired a new stake in KB Home in the third quarter valued at $196,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in KB Home in the third quarter valued at $218,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KB Home

In related news, EVP Brian J. Woram sold 10,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $59.55, for a total value of $595,500.00. Following the completion of the transaction, the executive vice president now owns 156,119 shares in the company, valued at approximately $9,296,886.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Brian J. Woram sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $59.55, for a total transaction of $595,500.00. Following the transaction, the executive vice president now owns 156,119 shares of the company’s stock, valued at approximately $9,296,886.45. The disclosure for this sale can be found here. Insiders sold 182,629 shares of company stock worth $11,271,218 in the last 90 days. Corporate insiders own 3.52% of the company’s stock.

KB Home Stock Performance

KB Home stock opened at $64.79 on Thursday. The company has a 50-day simple moving average of $66.08 and a 200-day simple moving average of $59.04. The firm has a market capitalization of $4.92 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.71 and a beta of 1.73. KB Home has a one year low of $40.97 and a one year high of $72.00.

KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.57 by $0.19. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. As a group, sell-side analysts forecast that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Wednesday, May 8th. This is a positive change from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is currently 10.88%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KBH. Wedbush upped their price target on shares of KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Wells Fargo & Company increased their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Royal Bank of Canada increased their target price on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Barclays increased their target price on shares of KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Raymond James increased their target price on shares of KB Home from $61.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, KB Home has a consensus rating of “Hold” and an average price target of $66.11.

KB Home Profile

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.