KB Home $KBH Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of KB Home (NYSE:KBH) by 26.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,299 shares of the construction company’s stock after buying an additional 16,352 shares during the quarter. California State Teachers Retirement System’s holdings in KB Home were worth $4,000,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after buying an additional 220 shares during the last quarter. First Horizon Corp boosted its position in shares of KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after buying an additional 322 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after buying an additional 250 shares during the period. Fulcrum Asset Management LLP bought a new position in KB Home in the 3rd quarter worth approximately $36,000. Finally, Rothschild Investment LLC grew its holdings in KB Home by 391.0% in the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after buying an additional 653 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KBH shares. Wells Fargo & Company lifted their price objective on shares of KB Home from $50.00 to $52.00 and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Citizens Jmp reaffirmed a “market outperform” rating and set a $77.00 price target on shares of KB Home in a research note on Wednesday, June 24th. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, KB Home currently has an average rating of “Hold” and a consensus price target of $60.17.

Insider Buying and Selling at KB Home

In related news, Director Arthur Reginald Collins sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the transaction, the director owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Albert Z. Praw sold 22,015 shares of KB Home stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.69% of the stock is currently owned by company insiders.

KB Home Trading Up 2.9%

KBH stock opened at $58.62 on Friday. KB Home has a one year low of $44.03 and a one year high of $68.71. The firm has a 50-day moving average of $56.18 and a two-hundred day moving average of $55.53. The firm has a market capitalization of $3.59 billion, a PE ratio of 20.43, a P/E/G ratio of 9.44 and a beta of 1.35.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $1.50 EPS. KB Home’s revenue for the quarter was down 27.3% on a year-over-year basis. On average, equities research analysts anticipate that KB Home will post 3.3 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

KB Home Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.