KB Home (NYSE:KBH) Shares Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd grew its holdings in shares of KB Home (NYSE:KBH) by 72.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,080 shares of the construction company’s stock after purchasing an additional 452 shares during the period. Plato Investment Management Ltd’s holdings in KB Home were worth $77,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBH. Wedge Capital Management L L P NC increased its holdings in shares of KB Home by 2,728.9% during the first quarter. Wedge Capital Management L L P NC now owns 642,869 shares of the construction company’s stock valued at $45,567,000 after purchasing an additional 620,144 shares during the period. Norges Bank bought a new position in KB Home during the fourth quarter valued at about $36,761,000. Knights of Columbus Asset Advisors LLC boosted its stake in KB Home by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 129,409 shares of the construction company’s stock valued at $8,083,000 after buying an additional 62,897 shares in the last quarter. Acadian Asset Management LLC boosted its stake in KB Home by 15,718.8% during the first quarter. Acadian Asset Management LLC now owns 63,275 shares of the construction company’s stock valued at $4,481,000 after buying an additional 62,875 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in KB Home by 204.8% during the first quarter. Raymond James & Associates now owns 85,987 shares of the construction company’s stock valued at $6,095,000 after buying an additional 57,774 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the transaction, the director now owns 48,217 shares in the company, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was 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 owns 135,512 shares in the company, valued at approximately $9,500,746.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the completion of the transaction, the director now owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. 4.44% of the stock is currently owned by company insiders.

KB Home Trading Down 3.6 %

KBH stock traded down $3.14 during trading on Thursday, hitting $82.94. The company had a trading volume of 1,192,210 shares, compared to its average volume of 1,282,301. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $88.31. The company has a fifty day moving average price of $72.42 and a two-hundred day moving average price of $67.84. The company has a market cap of $6.24 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.87 and a beta of 1.80.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.64 billion. On average, analysts expect that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, August 8th. KB Home’s payout ratio is presently 13.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KBH shares. Royal Bank of Canada increased their price target on KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a research report on Thursday, June 20th. Keefe, Bruyette & Woods increased their price target on KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Evercore ISI increased their price objective on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wedbush increased their price objective on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Finally, StockNews.com downgraded KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $71.88.

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.