KB Home $KBH Shares Bought by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC has significantly increased its stock holdings in KB Home by 199.9%, adding 4,000 shares to reach a total of 6,001 shares valued at $349,000.
• KB Home's recent quarterly earnings reported $1.50 EPS, exceeding estimates, despite a 10.5% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.25 per share, yielding 1.5%, with a low dividend payout ratio (DPR) of 13.25%.

Van Hulzen Asset Management LLC lifted its position in KB Home (NYSE:KBH - Free Report) by 199.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,001 shares of the construction company's stock after purchasing an additional 4,000 shares during the quarter. Van Hulzen Asset Management LLC's holdings in KB Home were worth $349,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KBH. Two Sigma Advisers LP increased its holdings in shares of KB Home by 4,408.6% during the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company's stock valued at $34,372,000 after purchasing an additional 511,400 shares in the last quarter. Two Sigma Investments LP grew its position in shares of KB Home by 1,136.2% during the 4th quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company's stock valued at $27,822,000 after acquiring an additional 389,097 shares during the period. Voloridge Investment Management LLC purchased a new stake in KB Home in the 4th quarter worth $19,526,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of KB Home during the 4th quarter worth about $11,543,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of KB Home during the fourth quarter worth approximately $9,965,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Up 0.3%

NYSE KBH traded up $0.20 during trading hours on Wednesday, hitting $63.36. The company had a trading volume of 720,237 shares, compared to its average volume of 1,484,703. The firm's 50 day moving average is $56.92 and its 200 day moving average is $56.63. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 5.12 and a beta of 1.34. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) 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%.The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 earnings per share. Sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 7th. KB Home's payout ratio is presently 13.25%.

Analyst Ratings Changes

A number of research firms have weighed in on KBH. Barclays set a $49.00 price objective on KB Home and gave the stock an "equal weight" rating in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods decreased their target price on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, June 26th. Evercore ISI reduced their price objective on KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Wall Street Zen upgraded KB Home from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Bank of America lowered their target price on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, KB Home has an average rating of "Hold" and a consensus price target of $66.14.

Insiders Place Their Bets

In related news, COO Robert V. Mcgibney sold 14,000 shares of KB Home stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the sale, the chief operating officer owned 78,345 shares of the company's stock, valued at $4,193,024.40. The trade was a 15.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.89% of the company's stock.

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.