12,224 Shares in KB Home (NYSE:KBH) Bought by M&T Bank Corp

M&T Bank Corp bought a new position in shares of KB Home (NYSE:KBH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,224 shares of the construction company’s stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KBH. Nisa Investment Advisors LLC lifted its stake in shares of KB Home by 3.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after acquiring an additional 200 shares during the period. Beck Bode LLC boosted its stake in shares of KB Home by 0.4% in the 4th quarter. Beck Bode LLC now owns 57,114 shares of the construction company’s stock valued at $3,567,000 after purchasing an additional 228 shares during the last quarter. Fifth Third Bancorp increased its position in shares of KB Home by 40.9% during the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after buying an additional 270 shares during the period. Natixis Advisors L.P. raised its stake in KB Home by 1.7% during the fourth quarter. Natixis Advisors L.P. now owns 25,453 shares of the construction company’s stock worth $1,589,000 after buying an additional 419 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in KB Home by 8.7% in the third quarter. Inspire Investing LLC now owns 6,614 shares of the construction company’s stock valued at $306,000 after buying an additional 531 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KBH has been the subject of several research analyst reports. UBS Group lifted their price objective on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Wells Fargo & Company raised their price objective on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Royal Bank of Canada raised their price target on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Finally, Wedbush upped their price objective on shares of KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $66.11.

KB Home Trading Down 0.2 %

Shares of KB Home stock opened at $70.14 on Monday. The stock has a fifty day simple moving average of $67.06 and a 200 day simple moving average of $61.17. KB Home has a 12-month low of $42.11 and a 12-month high of $72.00. The company has a market capitalization of $5.32 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that KB Home will post 8.01 EPS for the current year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio (DPR) is currently 13.61%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,294,522.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the transaction, the director now directly owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

KB Home Company Profile

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.