KB Home (NYSE:KBH) Shares Bought by FCF Advisors LLC

FCF Advisors LLC boosted its position in KB Home (NYSE:KBH) by 102.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,882 shares of the construction company’s stock after purchasing an additional 11,099 shares during the period. FCF Advisors LLC’s holdings in KB Home were worth $1,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KBH. Manchester Capital Management LLC lifted its stake in KB Home by 433.0% in the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after buying an additional 394 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of KB Home during the fourth quarter valued at approximately $47,000. Daiwa Securities Group Inc. acquired a new stake in KB Home during the fourth quarter worth approximately $56,000. Whittier Trust Co. purchased a new stake in KB Home in the 4th quarter worth approximately $62,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in KB Home in the 4th quarter valued at $130,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KBH. Keefe, Bruyette & Woods raised their price objective on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday. Evercore ISI raised their price target on KB Home from $78.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Wells Fargo & Company raised their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.63.

KB Home Stock Performance

Shares of NYSE:KBH traded up $0.73 during midday trading on Monday, hitting $71.27. 309,463 shares of the company’s stock traded hands, compared to its average volume of 1,222,628. The firm’s fifty day moving average price is $68.25 and its two-hundred day moving average price is $65.16. KB Home has a twelve month low of $42.11 and a twelve month high of $74.65. The company has a market cap of $5.41 billion, a PE ratio of 9.33, a P/E/G ratio of 0.78 and a beta of 1.77.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio (DPR) is 13.23%.

Insider Buying and Selling

In other news, EVP Albert Z. Praw sold 22,160 shares of KB Home stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the sale, the executive vice president now owns 135,512 shares in the company, valued at $9,500,746.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,460 shares of company stock valued at $4,384,468. Corporate insiders own 4.44% of the company’s stock.

KB Home 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.