12,108 Shares in KB Home $KBH Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in KB Home (NYSE:KBHFree Report) during the first quarter, HoldingsChannel reports. The institutional investor acquired 12,108 shares of the construction company’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vista Investment Management increased its position in KB Home by 3.5% during the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock valued at $289,000 after purchasing an additional 175 shares during the period. Bessemer Group Inc. lifted its position 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 purchasing an additional 220 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after purchasing an additional 250 shares during the period. Nebula Research & Development LLC boosted its stake in shares of KB Home by 6.3% during the 2nd quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock valued at $233,000 after purchasing an additional 262 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of KB Home by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock valued at $337,000 after purchasing an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Trading Up 0.0%

Shares of NYSE:KBH opened at $54.98 on Monday. The stock has a fifty day simple moving average of $55.30 and a two-hundred day simple moving average of $55.63. KB Home has a 12-month low of $44.03 and a 12-month high of $68.71. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 9.11 and a beta of 1.35.

KB Home (NYSE:KBHGet Free Report) last released its earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $1.50 earnings per share. The company’s revenue was down 27.3% on a year-over-year basis. As a group, equities research analysts predict that KB Home will post 3.3 EPS for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 24th. Citizens Jmp reaffirmed a “market outperform” rating and set a $77.00 price objective on shares of KB Home in a research report on Wednesday, June 24th. Barclays upped their target price on KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Citigroup reissued a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. Finally, Truist Financial raised their target price on KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Four research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.17.

Get Our Latest Analysis on KB Home

KB Home Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home (NYSE:KBHFree Report).

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.