KB Home $KBH Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in KB Home by 97.7%, owning approximately 73,170 shares valued at $4.25 million at the end of the last quarter.
• KB Home's latest earnings report showed earnings per share of $1.50, exceeding analysts' expectations, despite a revenue decline of 10.5% compared to the previous year.
• The company declared a quarterly dividend of $0.25, resulting in an annualized yield of 1.5% with a payout ratio of 13.25%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of KB Home (NYSE:KBH - Free Report) by 97.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,170 shares of the construction company's stock after purchasing an additional 36,151 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.10% of KB Home worth $4,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KBH. Harbor Capital Advisors Inc. boosted its stake in KB Home by 73.7% during the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after buying an additional 258 shares during the last quarter. Sachetta LLC boosted its stake in KB Home by 3,142.9% during the first quarter. Sachetta LLC now owns 681 shares of the construction company's stock valued at $40,000 after buying an additional 660 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in KB Home during the first quarter valued at approximately $40,000. Byrne Asset Management LLC boosted its stake in KB Home by 51.8% during the first quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock valued at $45,000 after buying an additional 264 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company's stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Activity

In other news, COO Robert V. Mcgibney sold 14,000 shares of KB Home stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer directly owned 78,345 shares in the company, valued at approximately $4,193,024.40. This trade represents a 15.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.89% of the company's stock.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent research reports. Oppenheimer initiated coverage on KB Home in a report on Wednesday, September 3rd. They issued a "market perform" rating for the company. Bank of America dropped their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Evercore ISI dropped their target price on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. UBS Group dropped their target price on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Finally, Zacks Research raised KB Home from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $66.86.

KB Home Stock Down 2.1%

NYSE KBH traded down $1.43 on Friday, reaching $65.95. 980,249 shares of the stock traded hands, compared to its average volume of 1,154,324. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. The company has a fifty day moving average price of $60.09 and a 200-day moving average price of $56.77. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 5.48 and a beta of 1.36. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%.KB Home's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. As a group, research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. KB Home's dividend payout ratio (DPR) is currently 13.25%.

About KB Home

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.