KB Home (NYSE:KBH) Shares Bought by Bank of New Hampshire

Bank of New Hampshire grew its holdings in shares of KB Home (NYSE:KBH) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 33,692 shares of the construction company’s stock after buying an additional 349 shares during the period. Bank of New Hampshire’s holdings in KB Home were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBH. Norges Bank acquired a new position in KB Home during the 4th quarter worth approximately $49,638,000. Two Sigma Advisers LP grew its holdings in shares of KB Home by 4,408.6% in the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company’s stock worth $34,372,000 after acquiring an additional 511,400 shares during the period. First Trust Advisors LP grew its holdings in shares of KB Home by 61.2% in the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company’s stock worth $87,264,000 after acquiring an additional 503,895 shares during the period. Two Sigma Investments LP grew its holdings in shares of KB Home by 1,136.2% in the 4th quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company’s stock worth $27,822,000 after acquiring an additional 389,097 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in shares of KB Home in the 4th quarter worth approximately $19,526,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director now owns 10,262 shares of the company’s stock, valued at $558,047.56. This represents a 32.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KBH shares. Wedbush restated a “neutral” rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Bank of America cut their target price on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Wall Street Zen cut shares of KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Barclays cut their target price on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 25th. Finally, Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.05.

KB Home Price Performance

KBH stock opened at $51.53 on Friday. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The stock’s 50 day moving average price is $53.17 and its 200 day moving average price is $62.19. The firm has a market cap of $3.70 billion, a P/E ratio of 6.08, a PEG ratio of 0.90 and a beta of 1.35.

KB Home (NYSE:KBH) last posted its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company posted $1.76 EPS. KB Home’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, May 8th. KB Home’s dividend payout ratio is presently 12.20%.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.