Scotia Capital Inc. acquired a new position in shares of KB Home (NYSE:KBH – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,817 shares of the construction company’s stock, valued at approximately $234,000.
A number of other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in KB Home by 45.4% during the 4th quarter. Parallel Advisors LLC now owns 922 shares of the construction company’s stock worth $29,000 after acquiring an additional 288 shares during the period. Thrivent Financial for Lutherans boosted its position in KB Home by 1.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 22,758 shares of the construction company’s stock worth $648,000 after acquiring an additional 362 shares during the period. Ronald Blue Trust Inc. boosted its position in KB Home by 47.8% during the 1st quarter. Ronald Blue Trust Inc. now owns 1,131 shares of the construction company’s stock worth $36,000 after acquiring an additional 366 shares during the period. First Republic Investment Management Inc. boosted its position in KB Home by 1.0% during the 4th quarter. First Republic Investment Management Inc. now owns 38,980 shares of the construction company’s stock worth $1,242,000 after acquiring an additional 370 shares during the period. Finally, Heritage Wealth Management LLC boosted its position in KB Home by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 880 shares of the construction company’s stock worth $28,000 after acquiring an additional 440 shares during the period. 91.27% of the stock is currently owned by institutional investors and hedge funds.
KB Home Trading Down 1.3 %
Shares of KBH stock opened at $47.91 on Monday. KB Home has a 1 year low of $25.31 and a 1 year high of $55.37. The firm’s fifty day simple moving average is $52.08 and its 200 day simple moving average is $44.83. The firm has a market capitalization of $3.86 billion, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67.
KB Home Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were issued a $0.20 dividend. This is a boost from KB Home’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, August 2nd. This represents a $0.80 annualized dividend and a yield of 1.67%. KB Home’s dividend payout ratio is 9.17%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KBH. Seaport Res Ptn reaffirmed a “neutral” rating on shares of KB Home in a research note on Wednesday, June 14th. Raymond James raised KB Home from a “market perform” rating to an “outperform” rating and set a $61.00 price target for the company in a research note on Friday, July 14th. Wedbush raised their price target on KB Home from $55.00 to $64.00 in a research note on Thursday, June 22nd. StockNews.com began coverage on KB Home in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, UBS Group raised their price target on KB Home from $48.00 to $65.00 in a research note on Thursday, June 22nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $52.27.
Check Out Our Latest Report on KB Home
Insiders Place Their Bets
In related news, CAO William R. Hollinger sold 4,529 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $50.65, for a total value of $229,393.85. Following the completion of the transaction, the chief accounting officer now directly owns 155,769 shares in the company, valued at $7,889,699.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO William R. Hollinger sold 4,529 shares of KB Home stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $50.65, for a total transaction of $229,393.85. Following the sale, the chief accounting officer now directly owns 155,769 shares in the company, valued at approximately $7,889,699.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian J. Woram sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $52.80, for a total transaction of $2,112,000.00. Following the completion of the sale, the executive vice president now directly owns 158,654 shares in the company, valued at approximately $8,376,931.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,574 shares of company stock worth $8,399,080. 4.44% of the stock is currently owned by company insiders.
KB Home 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.
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