Deutsche Bank AG Invests $4.31 Million in KB Home $KBH

Key Points

• Deutsche Bank acquired a new 68,820-share stake in KB Home valued at approximately $4.31 million, while institutional investors collectively own 96.09% of the company.
• KB Home’s latest quarterly results showed significant weakness: revenue fell 27.3% year over year and earnings per share came in slightly below estimates at $0.43, though revenue exceeded expectations.
• Analysts maintain a consensus “Hold” rating with a $60.17 price target. KB Home also pays a quarterly dividend of $0.25, while two insiders recently sold shares.

Deutsche Bank AG bought a new stake in shares of KB Home (NYSE:KBH - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 68,820 shares of the construction company's stock, valued at approximately $4,307,000. Deutsche Bank AG owned about 0.11% of KB Home at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of KB Home in the fourth quarter valued at about $4,232,000. M&T Bank Corp increased its stake in KB Home by 673.5% during the fourth quarter. M&T Bank Corp now owns 49,046 shares of the construction company's stock valued at $2,767,000 after acquiring an additional 42,705 shares during the period. Fifth Third Bancorp increased its stake in KB Home by 2,016.1% during the first quarter. Fifth Third Bancorp now owns 24,864 shares of the construction company's stock valued at $1,287,000 after acquiring an additional 23,689 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in KB Home in the 4th quarter valued at approximately $1,292,000. Finally, SummitTX Capital L.P. acquired a new position in KB Home in the 1st quarter valued at approximately $1,771,000. 96.09% of the stock is owned by institutional investors.

KB Home Stock Up 2.7%

KBH stock opened at $57.12 on Wednesday. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The company has a market cap of $3.50 billion, a P/E ratio of 19.90, a PEG ratio of 9.23 and a beta of 1.35. The business has a fifty day moving average of $56.98 and a 200-day moving average of $55.22.

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

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 6th. KB Home's dividend payout ratio (DPR) is 34.84%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KBH. UBS Group lifted their price objective on KB Home from $63.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Wall Street Zen upgraded KB Home from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th. Weiss Ratings raised KB Home from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $53.00 price target on shares of KB Home in a research note on Wednesday, June 24th. Finally, Barclays lifted their price target on shares of KB Home from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $60.17.

Insider Activity at KB Home

In other news, Director Arthur Reginald Collins sold 4,000 shares of KB Home 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 completion of the sale, the director owned 9,157 shares in the company, valued at $521,582.72. The trade was a 30.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Albert Z. Praw sold 22,015 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the sale, the executive vice president directly owned 104,062 shares of the company's stock, valued at approximately $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.69% of the stock is owned by insiders.

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.

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