KB Home (NYSE:KBH) Position Maintained by Sei Investments Co.
Sei Investments Co. held its stake in KB Home (NYSE:KBH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,202 shares of the construction company’s stock at the end of the second quarter. Sei Investments Co.’s holdings in KB Home were worth $10,983,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in KB Home during the fourth quarter valued at $11,457,000. Teachers Advisors LLC boosted its stake in KB Home by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 144,467 shares of the construction company’s stock valued at $2,284,000 after buying an additional 11,782 shares during the last quarter. Capstone Asset Management Co. boosted its stake in KB Home by 3.0% in the first quarter. Capstone Asset Management Co. now owns 26,415 shares of the construction company’s stock valued at $525,000 after buying an additional 760 shares during the last quarter. Louisiana State Employees Retirement System boosted 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 valued at $417,000 after buying an additional 400 shares during the last quarter. Finally, Hartwell J M Limited Partnership acquired a new stake in KB Home during the first quarter valued at $209,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.
KB Home (NYSE KBH) opened at 23.20 on Thursday. The firm has a 50-day moving average price of $23.38 and a 200-day moving average price of $20.41. KB Home has a 52 week low of $14.06 and a 52 week high of $24.37. The stock has a market capitalization of $1.98 billion, a PE ratio of 17.87 and a beta of 1.62.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, topping the 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 the consensus estimate of $929.85 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts predict that KB Home will post $1.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be issued a $0.025 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. KB Home’s payout ratio is 7.69%.
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Several analysts have weighed in on KBH shares. UBS AG raised KB Home from an “underperform” rating to a “market perform” rating in a report on Thursday, April 13th. Raymond James Financial, Inc. raised KB Home from an “underperform” rating to a “market perform” rating in a report on Thursday, April 13th. Mizuho started coverage on KB Home in a report on Tuesday, May 16th. They issued a “neutral” rating and a $20.00 price target on the stock. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Wedbush set a $22.00 price target on KB Home and gave the company a “buy” rating in a report on Thursday, June 15th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. KB Home has an average rating of “Hold” and a consensus target price of $19.63.
In other news, CFO Jeff Kaminski sold 163,017 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $23.40, for a total value of $3,814,597.80. Following the sale, the chief financial officer now directly owns 178,251 shares in the company, valued at $4,171,073.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.60% of the company’s stock.
About KB Home
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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