Foundry Partners LLC Has $3.80 Million Stake in KB Home (NYSE:KBH)

Foundry Partners LLC boosted its holdings in KB Home (NYSE:KBHFree Report) by 34.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 82,089 shares of the construction company’s stock after acquiring an additional 20,952 shares during the period. Foundry Partners LLC’s holdings in KB Home were worth $3,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of KB Home by 0.9% in the 2nd quarter. BlackRock Inc. now owns 10,306,480 shares of the construction company’s stock valued at $532,948,000 after buying an additional 87,274 shares in the last quarter. Vanguard Group Inc. raised its position in shares of KB Home by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock valued at $258,098,000 after buying an additional 108,191 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of KB Home by 2.2% in the 2nd quarter. Macquarie Group Ltd. now owns 3,980,992 shares of the construction company’s stock valued at $113,299,000 after buying an additional 85,582 shares in the last quarter. State Street Corp raised its position in shares of KB Home by 0.3% in the 1st quarter. State Street Corp now owns 2,793,847 shares of the construction company’s stock valued at $112,257,000 after buying an additional 7,935 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of KB Home by 125.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock valued at $67,281,000 after buying an additional 1,156,233 shares in the last quarter. 91.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on KBH shares. Deutsche Bank Aktiengesellschaft cut shares of KB Home from a “hold” rating to a “sell” rating and dropped their target price for the company from $55.00 to $46.00 in a research report on Friday, December 8th. Wells Fargo & Company lifted their price target on shares of KB Home from $49.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Evercore ISI lifted their price target on shares of KB Home from $67.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Royal Bank of Canada lifted their price target on shares of KB Home from $52.00 to $63.00 and gave the company a “sector perform” rating in a report on Thursday, January 11th. Finally, UBS Group lifted their price target on shares of KB Home from $63.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, KB Home currently has an average rating of “Hold” and an average price target of $58.18.

Check Out Our Latest Report on KB Home

Insider Transactions at KB Home

In other news, CEO Jeffrey T. Mezger sold 165,307 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the completion of the sale, the chief executive officer now directly owns 1,491,298 shares in the company, valued at $88,583,101.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Jeff Kaminski sold 4,928 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $59.86, for a total transaction of $294,990.08. Following the transaction, the chief financial officer now directly owns 38,386 shares of the company’s stock, valued at $2,297,785.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey T. Mezger sold 165,307 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the transaction, the chief executive officer now directly owns 1,491,298 shares in the company, valued at $88,583,101.20. The disclosure for this sale can be found here. Insiders sold a total of 373,635 shares of company stock worth $22,400,005 over the last three months. 4.44% of the stock is owned by company insiders.

KB Home Stock Performance

Shares of NYSE KBH opened at $63.47 on Tuesday. KB Home has a 52-week low of $33.92 and a 52-week high of $64.00. The firm has a 50 day moving average price of $60.48 and a two-hundred day moving average price of $53.18. The stock has a market cap of $4.82 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.73.

KB Home (NYSE:KBHGet Free Report) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.15. KB Home had a net margin of 9.21% and a return on equity of 15.63%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue was down 13.9% on a year-over-year basis. Analysts predict that KB Home will post 7.59 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 7th. KB Home’s dividend payout ratio (DPR) is presently 11.36%.

KB Home Profile

(Free Report)

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.

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

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