Deutsche Bank AG Invests $4.31 Million in KB Home $KBH

Deutsche Bank AG purchased a new stake in KB Home (NYSE:KBH) during the second quarter, Holdings Channel reports. The institutional investor purchased 68,820 shares of the construction company’s stock, valued at approximately $4,307,000.

Other hedge funds have also modified their holdings of the company. Vista Investment Management boosted its stake in KB Home by 3.5% during the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after acquiring an additional 175 shares during the last quarter. Bessemer Group Inc. increased its stake in KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after purchasing an additional 220 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in KB Home by 73.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after purchasing an additional 250 shares during the period. Nebula Research & Development LLC raised its holdings in KB Home by 6.3% in the second quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock worth $233,000 after purchasing an additional 262 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in KB Home by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock worth $337,000 after purchasing an additional 274 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KB Home

In related news, EVP Albert Z. Praw sold 22,015 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the completion of the transaction, the executive vice president owned 104,062 shares of the company’s stock, valued at approximately $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur Reginald Collins sold 4,000 shares of KB Home stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the completion of the sale, the director owned 9,157 shares in the company, valued at $521,582.72. The trade was a 30.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Citizens Jmp reaffirmed a “market outperform” rating and set a $77.00 price objective on shares of KB Home in a research note on Wednesday, June 24th. Weiss Ratings upgraded KB Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Citigroup reissued a “market outperform” rating on shares of KB Home in a research note on Wednesday, June 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $53.00 price target on shares of KB Home in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Home currently has an average rating of “Hold” and a consensus price target of $60.17.

KB Home Stock Performance

Shares of KB Home stock opened at $57.12 on Wednesday. The firm has a market cap of $3.50 billion, a PE ratio of 19.90, a P/E/G ratio of 9.23 and a beta of 1.35. The business’s 50 day simple moving average is $56.98 and its 200 day simple moving average is $55.22. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company’s revenue was down 27.3% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. As a group, equities research analysts predict that KB Home will post 3.3 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.8%. KB Home’s dividend payout ratio is presently 34.84%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.