Crossmark Global Holdings Inc. acquired a new position in shares of KB Home (NYSE:KBH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,185 shares of the construction company’s stock, valued at approximately $728,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in KB Home by 0.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,426 shares of the construction company’s stock worth $219,000 after buying an additional 94 shares during the period. Amalgamated Bank boosted its stake in KB Home by 2.5% during the second quarter. Amalgamated Bank now owns 11,945 shares of the construction company’s stock worth $286,000 after buying an additional 289 shares during the period. Comerica Bank boosted its stake in KB Home by 0.6% during the second quarter. Comerica Bank now owns 64,359 shares of the construction company’s stock worth $1,506,000 after buying an additional 396 shares during the period. Arizona State Retirement System boosted its stake in KB Home by 1.2% during the second quarter. Arizona State Retirement System now owns 35,000 shares of the construction company’s stock worth $839,000 after buying an additional 400 shares during the period. Finally, Texas Permanent School Fund boosted its stake in KB Home by 0.8% during the second quarter. Texas Permanent School Fund now owns 60,669 shares of the construction company’s stock worth $1,454,000 after buying an additional 459 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.
In other KB Home news, EVP Albert Z. Praw sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian J. Woram sold 49,529 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Several research analysts have weighed in on KBH shares. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. MKM Partners reaffirmed a “neutral” rating on shares of KB Home in a research note on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of KB Home in a research note on Tuesday, August 29th. Wedbush reaffirmed an “ourperform” rating and set a $26.00 target price on shares of KB Home in a research note on Saturday, September 16th. Finally, Keefe, Bruyette & Woods set a $24.00 target price on shares of KB Home and gave the stock a “hold” rating in a research note on Saturday, August 19th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. KB Home presently has a consensus rating of “Hold” and an average price target of $22.44.
Shares of KB Home (NYSE:KBH) opened at $28.65 on Wednesday. The firm has a market cap of $2,460.07, a P/E ratio of 20.46, a P/E/G ratio of 0.83 and a beta of 1.66. KB Home has a 1-year low of $15.01 and a 1-year high of $28.69.
KB Home (NYSE:KBH) last issued its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. research analysts predict that KB Home will post 1.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be issued a $0.025 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $0.10 annualized dividend and a yield of 0.35%. KB Home’s dividend payout ratio (DPR) is 7.19%.
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KB Home 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.
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