Janus Henderson Group PLC Has $1.48 Million Position in KB Home $KBH

Janus Henderson Group PLC lessened its stake in shares of KB Home (NYSE:KBH) by 91.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,624 shares of the construction company’s stock after selling 322,466 shares during the period. Janus Henderson Group PLC’s holdings in KB Home were worth $1,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Amundi acquired a new stake in shares of KB Home during the 1st quarter worth $313,000. California State Teachers Retirement System raised its stake in KB Home by 26.8% in the first quarter. California State Teachers Retirement System now owns 77,299 shares of the construction company’s stock valued at $4,000,000 after purchasing an additional 16,352 shares in the last quarter. Readystate Asset Management LP bought a new stake in KB Home during the first quarter worth about $2,250,000. Royal Bank of Canada lifted its position in KB Home by 4.6% during the first quarter. Royal Bank of Canada now owns 64,708 shares of the construction company’s stock worth $3,350,000 after purchasing an additional 2,821 shares during the period. Finally, Empowered Funds LLC grew its stake in KB Home by 19.0% during the first quarter. Empowered Funds LLC now owns 36,104 shares of the construction company’s stock worth $1,868,000 after buying an additional 5,776 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Trading Up 0.1%

NYSE:KBH opened at $58.62 on Monday. The stock’s 50-day moving average is $56.18 and its 200-day moving average is $55.49. KB Home has a 1-year low of $44.03 and a 1-year high of $68.71. The stock has a market cap of $3.59 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 9.71 and a beta of 1.35.

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

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. KB Home’s payout ratio is currently 34.84%.

Analyst Ratings Changes

Several equities analysts have recently commented on KBH shares. UBS Group boosted their target price on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Truist Financial lifted their price objective on shares of KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings raised KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, KB Home has a consensus rating of “Hold” and an average target price of $60.17.

Insiders Place Their Bets

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

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.