Kingsview Wealth Management LLC bought a new stake in KB Home (NYSE:KBH – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,565 shares of the construction company’s stock, valued at approximately $1,037,000.
Other institutional investors also recently bought and sold shares of the company. Eastern Bank acquired a new stake in KB Home in the 2nd quarter valued at $26,000. Bessemer Group Inc. boosted its stake in shares of KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after buying an additional 220 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after buying an additional 250 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of KB Home in the third quarter worth $36,000. Finally, Rothschild Investment LLC increased its stake in shares of KB Home by 391.0% in the fourth quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after buying an additional 653 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Arthur Reginald Collins sold 4,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the transaction, the director owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Albert Z. Praw sold 22,015 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the transaction, the executive vice president directly owned 104,062 shares in the company, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on KB Home
KB Home Stock Up 0.3%
KB Home stock opened at $54.91 on Friday. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 9.10 and a beta of 1.35. The firm has a 50-day moving average price of $57.07 and a two-hundred day moving average price of $55.14.
KB Home (NYSE:KBH – Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period last year, the firm posted $1.50 EPS. Research analysts expect that KB Home will post 3.3 earnings per share for the current year.
KB Home Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.8%. KB Home’s payout ratio is presently 34.84%.
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.
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