Amalgamated Bank grew its position in shares of KB Home (NYSE:KBH) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,945 shares of the construction company’s stock after acquiring an additional 289 shares during the period. Amalgamated Bank’s holdings in KB Home were worth $286,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KBH. Russell Investments Group Ltd. raised its stake in shares of KB Home by 1,401.0% during the first quarter. Russell Investments Group Ltd. now owns 79,900 shares of the construction company’s stock valued at $1,588,000 after acquiring an additional 74,577 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of KB Home by 4.5% during the first quarter. Great West Life Assurance Co. Can now owns 48,962 shares of the construction company’s stock valued at $973,000 after acquiring an additional 2,093 shares during the last quarter. Comerica Bank raised its stake in shares of KB Home by 4.6% during the first quarter. Comerica Bank now owns 63,963 shares of the construction company’s stock valued at $1,352,000 after acquiring an additional 2,814 shares during the last quarter. Swiss National Bank raised its stake in shares of KB Home by 1.7% during the first quarter. Swiss National Bank now owns 125,700 shares of the construction company’s stock valued at $2,499,000 after acquiring an additional 2,100 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of KB Home by 51.4% during the first quarter. UBS Asset Management Americas Inc. now owns 57,232 shares of the construction company’s stock valued at $1,138,000 after acquiring an additional 19,430 shares during the last quarter. 98.37% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on KBH. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, October 4th. MKM Partners reiterated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of KB Home in a research report on Monday, October 2nd. Deutsche Bank AG reiterated a “hold” rating and set a $24.00 price target (up previously from $23.00) on shares of KB Home in a research report on Monday, October 2nd. BTIG Research reiterated a “sell” rating and set a $16.00 price target on shares of KB Home in a research report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of KB Home in a research report on Friday, September 29th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. KB Home has an average rating of “Hold” and an average price target of $21.93.

In other news, insider Jeffrey T. Mezger sold 400,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $22.81, for a total value of $9,124,000.00. Following the completion of the sale, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the completion of the sale, the senior vice president now owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 607,405 shares of company stock valued at $14,332,722. Company insiders own 8.60% of the company’s stock.

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Shares of KB Home (KBH) opened at 27.18 on Thursday. The stock has a market cap of $2.35 billion, a PE ratio of 19.47 and a beta of 1.54. The firm has a 50-day moving average of $22.48 and a 200-day moving average of $22.00. KB Home has a one year low of $14.06 and a one year high of $27.22.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post $1.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. KB Home’s dividend payout ratio is currently 7.19%.

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.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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