Olympiad Research LP Makes New $625,000 Investment in KB Home (NYSE:KBH)

Olympiad Research LP bought a new stake in KB Home (NYSE:KBHFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,002 shares of the construction company’s stock, valued at approximately $625,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH lifted its holdings in shares of KB Home by 7.6% in the 4th quarter. Allianz Asset Management GmbH now owns 219,443 shares of the construction company’s stock valued at $13,706,000 after purchasing an additional 15,491 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock valued at $201,000 after purchasing an additional 293 shares during the last quarter. US Bancorp DE lifted its holdings in shares of KB Home by 35.8% in the 4th quarter. US Bancorp DE now owns 12,126 shares of the construction company’s stock valued at $757,000 after purchasing an additional 3,199 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of KB Home by 1,926,250.0% in the 4th quarter. Assetmark Inc. now owns 38,527 shares of the construction company’s stock valued at $2,406,000 after purchasing an additional 38,525 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of KB Home in the 4th quarter valued at about $676,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on KBH shares. Wells Fargo & Company boosted their target price on KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Evercore ISI dropped their price target on KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price target on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Barclays boosted their price target on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, Zelman & Associates restated an “underperform” rating and issued a $69.00 price target on shares of KB Home in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $66.30.

View Our Latest Stock Report on KBH

KB Home Trading Up 2.3 %

Shares of NYSE:KBH traded up $1.59 during trading on Thursday, hitting $69.53. 131,372 shares of the stock were exchanged, compared to its average volume of 1,177,924. The company has a fifty day moving average price of $67.68 and a two-hundred day moving average price of $63.17. The company has a market cap of $5.28 billion, a PE ratio of 9.24, a P/E/G ratio of 0.78 and a beta of 1.74. KB Home has a 12-month low of $42.11 and a 12-month high of $74.65.

KB Home (NYSE:KBHGet Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.57 by $0.19. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 EPS. Equities research analysts anticipate that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a $0.25 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is presently 13.61%.

Insider Activity at KB Home

In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the transaction, the executive vice president now owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the transaction, the executive vice president now owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now directly owns 48,217 shares in the company, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,460 shares of company stock valued at $4,384,468. 4.44% of the stock is owned by corporate insiders.

About KB Home

(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.

Further Reading

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

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