Deprince Race & Zollo Inc. raised its holdings in KB Home (NYSE:KBH - Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,054,280 shares of the construction company's stock after buying an additional 122,457 shares during the period. KB Home comprises about 1.1% of Deprince Race & Zollo Inc.'s holdings, making the stock its 17th largest position. Deprince Race & Zollo Inc. owned approximately 1.63% of KB Home worth $59,472,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in KBH. United Services Automobile Association bought a new position in shares of KB Home in the first quarter valued at $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of KB Home by 5.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company's stock valued at $13,108,000 after buying an additional 11,103 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of KB Home by 23.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,530 shares of the construction company's stock valued at $134,000 after buying an additional 482 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of KB Home by 341.2% in the second quarter. Marshall Wace LLP now owns 86,667 shares of the construction company's stock valued at $4,591,000 after buying an additional 67,023 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of KB Home in the second quarter valued at $711,000. 96.09% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
KBH has been the topic of a number of recent analyst reports. Zacks Research lowered shares of KB Home from a "hold" rating to a "strong sell" rating in a research report on Tuesday, December 23rd. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $71.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, December 29th. Bank of America dropped their price target on shares of KB Home from $63.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 25th. Barclays dropped their price target on shares of KB Home from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 25th. Finally, Truist Financial dropped their price target on shares of KB Home from $65.00 to $54.00 and set a "hold" rating on the stock in a research report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.50.
Read Our Latest Stock Analysis on KB Home
KB Home Stock Performance
Shares of KBH stock opened at $51.63 on Monday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 8.65 and a beta of 1.50. KB Home has a 52 week low of $48.17 and a 52 week high of $68.71. The firm's 50-day simple moving average is $57.50 and its two-hundred day simple moving average is $59.80.
KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company's revenue for the quarter was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Analysts forecast that KB Home will post 8.42 earnings per share for the current year.
KB Home Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.00 annualized dividend and a yield of 1.9%. KB Home's payout ratio is currently 25.38%.
More KB Home News
Here are the key news stories impacting KB Home this week:
KB Home Profile
(
Free Report)
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.
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