M&T Bank Corp Takes $764,000 Position in KB Home (NYSE:KBH)

M&T Bank Corp bought a new stake in shares of KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,224 shares of the construction company's stock, valued at approximately $764,000.

Several other large investors have also modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of KB Home by 32.3% in the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company's stock valued at $57,927,000 after purchasing an additional 305,820 shares during the period. Trexquant Investment LP boosted its holdings in shares of KB Home by 7.1% in the third quarter. Trexquant Investment LP now owns 181,169 shares of the construction company's stock valued at $8,385,000 after purchasing an additional 12,048 shares during the period. Ballentine Partners LLC purchased a new stake in shares of KB Home in the fourth quarter valued at approximately $416,000. Advisors Preferred LLC boosted its holdings in shares of KB Home by 188.4% in the third quarter. Advisors Preferred LLC now owns 50,820 shares of the construction company's stock valued at $2,331,000 after purchasing an additional 33,197 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of KB Home by 36.6% in the third quarter. Los Angeles Capital Management LLC now owns 15,619 shares of the construction company's stock valued at $723,000 after purchasing an additional 4,188 shares during the period. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Activity at KB Home

In related news, Director Thomas W. Gilligan sold 3,914 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now directly owns 48,217 shares of the company's stock, valued at approximately $3,398,334.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.11, for a total value of $1,553,637.60. Following the sale, the executive vice president now directly owns 135,512 shares of the company's stock, valued at $9,500,746.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas W. Gilligan sold 3,914 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the sale, the director now directly owns 48,217 shares in the company, valued at $3,398,334.16. The disclosure for this sale can be found here. Insiders have sold a total of 64,460 shares of company stock valued at $4,384,468 in the last ninety days. Company insiders own 4.44% of the company's stock.

KB Home Trading Down 0.1 %

Shares of KBH stock traded down $0.04 during trading hours on Monday, reaching $70.10. 1,327,976 shares of the company's stock were exchanged, compared to its average volume of 1,158,761. The stock's 50 day moving average is $67.06 and its 200-day moving average is $61.17. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $72.00. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.79 and a beta of 1.74.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.19. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $1.45 EPS. The firm's revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that KB Home will post 8.01 EPS for the current year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. This is an increase from KB Home's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 8th. KB Home's dividend payout ratio is presently 13.61%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays boosted their price target on KB Home from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Zelman & Associates restated an "underperform" rating and set a $69.00 target price on shares of KB Home in a report on Monday. UBS Group upped their target price on KB Home from $82.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. StockNews.com lowered KB Home from a "buy" rating to a "hold" rating in a report on Wednesday, April 10th. Finally, Evercore ISI lowered their target price on KB Home from $82.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $66.30.

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.