Federated Investors Inc. PA Acquires 95,612 Shares of KB Home (KBH)
Federated Investors Inc. PA raised its position in shares of KB Home (NYSE:KBH) by 41.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,094 shares of the construction company’s stock after buying an additional 95,612 shares during the period. Federated Investors Inc. PA owned about 0.38% of KB Home worth $7,816,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Creative Planning increased its stake in 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 in the last quarter. Flinton Capital Management LLC increased its stake in 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 in the last quarter. Envestnet Asset Management Inc. increased its stake in 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 in the last quarter. Victory Capital Management Inc. increased its stake in 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 in the last quarter. Finally, LS Investment Advisors LLC increased its stake in 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 in the last quarter. 98.37% of the stock is owned by hedge funds and other institutional investors.
KB Home (NYSE KBH) opened at 21.05 on Wednesday. The firm has a market capitalization of $1.80 billion, a PE ratio of 16.22 and a beta of 1.62. KB Home has a 12 month low of $14.06 and a 12 month high of $24.37. The firm has a 50-day moving average of $23.14 and a 200 day moving average of $20.90.
KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $929.85 million. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that KB Home will post $1.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.48%. KB Home’s dividend payout ratio is currently 7.69%.
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A number of analysts have issued reports on KBH shares. Wedbush set a $22.00 price objective 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 price objective for the company in a report on Wednesday, June 7th. BidaskClub cut shares of KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. MKM Partners upgraded shares of KB Home to a “hold” rating and boosted their target price for the company from $20.00 to $24.00 in a research report on Tuesday, June 27th. Finally, Deutsche Bank AG boosted their target price on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, June 30th. Five 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.88.
In related news, CFO Jeff Kaminski sold 163,017 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was 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 of the company’s stock, valued at $4,171,073.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total value of $1,331,221.95. Following the sale, the senior vice president now directly owns 214,306 shares in the company, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 620,422 shares of company stock worth $14,269,820. Insiders own 8.60% of the company’s stock.
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.
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