Van Hulzen Asset Management LLC Invests $563,000 in KB Home $KBH

Van Hulzen Asset Management LLC purchased a new stake in KB Home (NYSE:KBH) in the 2nd quarter, HoldingsChannel reports. The fund purchased 9,001 shares of the construction company’s stock, valued at approximately $563,000.

A number of other institutional investors also recently modified their holdings of the company. Eastern Bank bought a new position in shares of KB Home in the second quarter valued at $26,000. Bessemer Group Inc. raised its holdings in shares of KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after acquiring an additional 220 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in KB Home during the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC boosted its stake in KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after purchasing an additional 653 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KB Home

In other KB Home news, EVP Albert Z. Praw sold 22,015 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the sale, the executive vice president directly owned 104,062 shares in the company, valued at $6,108,439.40. This represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arthur Reginald Collins sold 4,000 shares of KB Home stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the transaction, the director owned 9,157 shares in the company, valued at approximately $521,582.72. This represents a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Citigroup reissued a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $53.00 price objective on shares of KB Home in a research report on Wednesday, June 24th. Wells Fargo & Company lifted their price target on shares of KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Finally, UBS Group upped their price objective on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.17.

KB Home Price Performance

KBH stock opened at $57.12 on Wednesday. The stock has a market cap of $3.50 billion, a PE ratio of 19.90, a P/E/G ratio of 9.23 and a beta of 1.35. KB Home has a one year low of $44.03 and a one year high of $68.71. The firm has a 50 day simple moving average of $56.98 and a two-hundred day simple moving average of $55.22.

KB Home (NYSE:KBH) last issued 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). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. On average, research analysts expect that KB Home will post 3.3 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.8%. KB Home’s payout ratio is currently 34.84%.

KB Home Company Profile

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.