KB Home (NYSE:KBH) Shares Bought by Foundry Partners LLC
Foundry Partners LLC increased its position in shares of KB Home (NYSE:KBH) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 647,967 shares of the construction company’s stock after buying an additional 40,468 shares during the period. KB Home makes up 0.6% of Foundry Partners LLC’s holdings, making the stock its 29th largest position. Foundry Partners LLC’s holdings in KB Home were worth $15,532,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Creative Planning boosted its position in shares of KB Home by 34.9% in the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares during the period. Flinton Capital Management LLC boosted its position in shares of KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock worth $110,000 after buying an additional 1,020 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after buying an additional 639 shares during the period. Victory Capital Management Inc. boosted its position in shares of KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after buying an additional 2,020 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after buying an additional 991 shares during the period. 98.82% of the stock is owned by institutional investors.
Shares of KB Home (KBH) opened at 22.50 on Friday. The company’s 50-day moving average is $23.38 and its 200-day moving average is $20.43. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 17.33 and a beta of 1.62. KB Home has a 12 month low of $14.06 and a 12 month high of $24.37.
KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $929.85 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that KB Home will post $1.71 earnings per share for the current fiscal year.
The company 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 dividend of $0.025 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. KB Home’s dividend payout ratio is currently 7.69%.
COPYRIGHT VIOLATION NOTICE: “KB Home (NYSE:KBH) Shares Bought by Foundry Partners LLC” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/11/kb-home-nysekbh-shares-bought-by-foundry-partners-llc.html.
KBH has been the subject of a number of research analyst reports. Wedbush set a $22.00 target price on shares of KB Home and gave the company a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, June 7th. MKM Partners raised shares of KB Home to a “hold” rating and increased their target price for the company from $20.00 to $24.00 in a report on Tuesday, June 27th. Deutsche Bank AG increased their target price on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a report on Friday, June 30th. Finally, Raymond James Financial, Inc. raised shares of KB Home from an “underperform” rating to a “market perform” rating in a report on Thursday, April 13th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. KB Home presently has an average rating of “Hold” and a consensus price target of $19.63.
In other news, CFO Jeff Kaminski sold 163,017 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home (NYSE:KBH).
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.