Vontobel Holding Ltd. Makes New $667,000 Investment in KB Home (NYSE:KBH)

Vontobel Holding Ltd. bought a new stake in shares of KB Home (NYSE:KBH) during the first quarter, Holdings Channel.com reports. The fund bought 14,328 shares of the construction company’s stock, valued at approximately $667,000.

Other institutional investors have also made changes to their positions in the company. Lingohr & Partner Asset Management GmbH purchased a new position in KB Home during the first quarter worth approximately $480,000. Russell Investments Group Ltd. raised its stake in shares of KB Home by 272.0% during the 1st quarter. Russell Investments Group Ltd. now owns 295,359 shares of the construction company’s stock worth $13,740,000 after buying an additional 215,965 shares during the period. 1776 Wealth LLC raised its stake in shares of KB Home by 2.3% during the 1st quarter. 1776 Wealth LLC now owns 22,111 shares of the construction company’s stock worth $1,029,000 after buying an additional 503 shares during the period. Systematic Financial Management LP lifted its position in shares of KB Home by 3.8% during the 1st quarter. Systematic Financial Management LP now owns 499,666 shares of the construction company’s stock valued at $23,249,000 after buying an additional 18,433 shares in the last quarter. Finally, Moody Aldrich Partners LLC grew its stake in KB Home by 2.7% in the 1st quarter. Moody Aldrich Partners LLC now owns 160,016 shares of the construction company’s stock valued at $7,446,000 after acquiring an additional 4,238 shares during the period. Hedge funds and other institutional investors own 87.65% of the company’s stock.

Shares of KBH opened at $43.39 on Friday. KB Home has a 52-week low of $27.51 and a 52-week high of $52.48. The business has a fifty day moving average of $47.26. The firm has a market cap of $3.99 billion, a P/E ratio of 12.33 and a beta of 1.81.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, March 23rd. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.10. KB Home had a net margin of 7.85% and a return on equity of 12.74%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. KB Home’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that KB Home will post 5.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Thursday, May 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. KB Home’s dividend payout ratio (DPR) is 19.17%.

Several research firms have issued reports on KBH. Barclays increased their price objective on shares of KB Home from $47.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, March 25th. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on shares of KB Home from $41.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, March 25th. Wells Fargo & Company initiated coverage on KB Home in a research note on Wednesday, April 21st. They set an “overweight” rating and a $55.00 price objective for the company. Keefe, Bruyette & Woods raised their target price on KB Home from $44.00 to $48.00 and gave the company a “market perform” rating in a research report on Thursday, March 25th. Finally, Wolfe Research initiated coverage on KB Home in a research report on Tuesday, March 16th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. KB Home has a consensus rating of “Buy” and an average target price of $46.93.

In other news, CFO Jeff Kaminski sold 64,277 shares of KB Home stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $47.16, for a total transaction of $3,031,303.32. Following the sale, the chief financial officer now owns 102,465 shares of the company’s stock, valued at approximately $4,832,249.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.40% of the stock is owned by company insiders.

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.

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

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