Amalgamated Bank Has $239,000 Holdings in KB Home (KBH)

Amalgamated Bank raised its holdings in KB Home (NYSE:KBH) by 13.0% in the fourth quarter, Holdings Channel reports. The fund owned 12,522 shares of the construction company’s stock after acquiring an additional 1,441 shares during the quarter. Amalgamated Bank’s holdings in KB Home were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. raised its position in shares of KB Home by 2,537.0% in the fourth quarter. Meeder Asset Management Inc. now owns 1,424 shares of the construction company’s stock valued at $27,000 after purchasing an additional 1,370 shares during the period. Financial Architects Inc raised its position in shares of KB Home by 97.8% in the fourth quarter. Financial Architects Inc now owns 1,622 shares of the construction company’s stock valued at $31,000 after purchasing an additional 802 shares during the period. ETF Managers Group LLC raised its position in shares of KB Home by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 4,536 shares of the construction company’s stock valued at $87,000 after purchasing an additional 618 shares during the period. Acadian Asset Management LLC bought a new position in shares of KB Home in the fourth quarter valued at approximately $163,000. Finally, Tower Research Capital LLC TRC raised its position in shares of KB Home by 989.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,661 shares of the construction company’s stock valued at $231,000 after purchasing an additional 8,774 shares during the period. Hedge funds and other institutional investors own 87.76% of the company’s stock.

A number of research firms have recently commented on KBH. ValuEngine raised shares of KB Home from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. JPMorgan Chase & Co. raised shares of KB Home from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.50 to $23.00 in a research report on Wednesday, April 10th. Credit Suisse Group boosted their target price on shares of KB Home from $17.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 27th. Finally, Buckingham Research boosted their target price on shares of KB Home from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.92.

Shares of KBH stock opened at $25.41 on Tuesday. KB Home has a 1 year low of $16.82 and a 1 year high of $29.46. The firm has a market cap of $2.22 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.17 and a beta of 1.57. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 5.37.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, March 26th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. KB Home had a net margin of 6.05% and a return on equity of 13.34%. The business had revenue of $811.50 million for the quarter, compared to analyst estimates of $828.56 million. During the same quarter in the previous year, the firm posted $2.12 earnings per share. KB Home’s revenue was down 6.9% compared to the same quarter last year. Analysts predict that KB Home will post 2.63 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, May 1st. KB Home’s dividend payout ratio (DPR) is currently 35.46%.

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KB Home Profile

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.

Read More: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home (NYSE:KBH).

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

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