KB Home (NYSE:KBH) Stake Maintained by Gagnon Securities LLC

Gagnon Securities LLC maintained its position in shares of KB Home (NYSE:KBH) during the second quarter, Holdings Channel reports. The firm owned 19,967 shares of the construction company’s stock at the end of the second quarter. Gagnon Securities LLC’s holdings in KB Home were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of KB Home during the fourth quarter worth approximately $5,017,000. Comerica Bank increased its position in shares of KB Home by 6.8% in the fourth quarter. Comerica Bank now owns 61,149 shares of the construction company’s stock worth $994,000 after buying an additional 3,871 shares in the last quarter. Foundry Partners LLC increased its position in shares of KB Home by 16.5% in the first quarter. Foundry Partners LLC now owns 607,499 shares of the construction company’s stock worth $12,077,000 after buying an additional 86,176 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of KB Home during the first quarter worth approximately $3,958,000. Finally, CIBC World Markets Inc. increased its position in shares of KB Home by 1.9% in the first quarter. CIBC World Markets Inc. now owns 181,287 shares of the construction company’s stock worth $3,604,000 after buying an additional 3,302 shares in the last quarter. 98.69% of the stock is owned by institutional investors and hedge funds.

KB Home (NYSE KBH) traded down 0.26% during midday trading on Friday, hitting $23.30. The stock had a trading volume of 1,479,328 shares. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 17.95 and a beta of 1.64. The company has a 50-day moving average price of $22.74 and a 200-day moving average price of $19.75. KB Home has a 12-month low of $14.06 and a 12-month high of $24.37.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $929.85 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts anticipate that KB Home will post $1.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. KB Home’s dividend payout ratio is currently 7.69%.

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KBH has been the subject of a number of analyst reports. JMP Securities downgraded KB Home from an “outperform” rating to a “market perform” rating in a research report on Monday, March 27th. They noted that the move was a valuation call. Deutsche Bank AG boosted their price objective on KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Wedbush lowered their price objective on KB Home from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, June 15th. Credit Suisse Group started coverage on KB Home in a report on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 price target for the company. Finally, MKM Partners raised KB Home to a “hold” rating and upped their price target for the company from $20.00 to $24.00 in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.63.

In related news, CFO Jeff Kaminski sold 163,017 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the transaction, the chief financial officer now owns 178,251 shares in the company, valued at approximately $4,171,073.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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

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