Meeder Asset Management Inc. Has $1.17 Million Position in KB Home (KBH)
Meeder Asset Management Inc. increased its position in shares of KB Home (NYSE:KBH) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,655 shares of the construction company’s stock after buying an additional 204 shares during the period. Meeder Asset Management Inc. owned 0.06% of KB Home worth $1,167,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Advantus Capital Management Inc raised its stake in KB Home by 3.0% in the first quarter. Advantus Capital Management Inc now owns 10,648 shares of the construction company’s stock worth $212,000 after buying an additional 309 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in KB Home by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the construction company’s stock worth $417,000 after buying an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in KB Home by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,100 shares of the construction company’s stock worth $579,000 after buying an additional 400 shares in the last quarter. Mason Street Advisors LLC raised its stake in KB Home by 1.2% in the first quarter. Mason Street Advisors LLC now owns 39,288 shares of the construction company’s stock worth $781,000 after buying an additional 462 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in KB Home by 1.5% in the first quarter. State Treasurer State of Michigan now owns 33,800 shares of the construction company’s stock worth $672,000 after buying an additional 500 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.
KB Home (NYSE:KBH) opened at 23.66 on Friday. KB Home has a 52-week low of $14.06 and a 52-week high of $24.09. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 18.23 and a beta of 1.64. The firm’s 50-day moving average price is $21.73 and its 200 day moving average price is $19.01.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $929.85 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. KB Home’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that KB Home will post $1.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, August 1st. KB Home’s payout ratio is currently 7.69%.
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A number of research firms have issued reports on KBH. UBS AG raised KB Home from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 13th. Wedbush set a $22.00 price target on KB Home and gave the company a “buy” rating in a research report on Thursday, June 15th. Bank of America Corporation increased their price target on KB Home from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Wednesday, June 28th. Mizuho began coverage on KB Home in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Deutsche Bank AG increased their price target on KB Home from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, March 29th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.53.
In other KB Home news, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the sale, the chief financial officer now owns 178,251 shares in the company, valued at $4,171,073.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.60% of the company’s stock.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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