10,130 Shares in KB Home $KBH Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC bought a new position in shares of KB Home (NYSE:KBH) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,130 shares of the construction company’s stock, valued at approximately $524,000.

Several other institutional investors also recently bought and sold shares of the stock. Vista Investment Management raised its stake in shares of KB Home by 3.5% in the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock valued at $289,000 after acquiring an additional 175 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after buying an additional 220 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after buying an additional 250 shares during the period. Nebula Research & Development LLC grew its stake in KB Home by 6.3% in the 2nd quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock valued at $233,000 after buying an additional 262 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in KB Home by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock valued at $337,000 after buying an additional 274 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Price Performance

NYSE:KBH opened at $57.65 on Tuesday. KB Home has a one year low of $44.03 and a one year high of $68.71. The company has a fifty day moving average price of $54.56 and a 200 day moving average price of $55.70. The stock has a market cap of $3.53 billion, a P/E ratio of 20.09, a PEG ratio of 9.41 and a beta of 1.34.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, equities research analysts anticipate that KB Home will post 3.3 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. KB Home’s dividend payout ratio (DPR) is 34.84%.

Analyst Ratings Changes

A number of research analysts have weighed in on KBH shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $53.00 target price on shares of KB Home in a research report on Wednesday, June 24th. Wells Fargo & Company raised their price target on KB Home from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of KB Home in a research note on Wednesday, June 17th. Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Barclays increased their target price on KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.17.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.