71,899 Shares in KB Home $KBH Acquired by Man Group plc

Man Group plc purchased a new stake in KB Home (NYSE:KBH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 71,899 shares of the construction company’s stock, valued at approximately $4,500,000. Man Group plc owned 0.12% of KB Home at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vista Investment Management lifted its holdings in shares of KB Home by 3.5% during the fourth quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after buying an additional 175 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of 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 acquiring an additional 220 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of KB Home by 73.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares in the last quarter. Nebula Research & Development LLC increased its position in KB Home by 6.3% during the second quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock worth $233,000 after acquiring an additional 262 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in KB Home by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock worth $337,000 after acquiring an additional 274 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on KBH shares. Citigroup reissued a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Truist Financial raised their target price on shares of KB Home from $50.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $53.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company increased their price target on KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, KB Home has a consensus rating of “Hold” and an average target price of $60.17.

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 stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at $6,108,439.40. This trade represents a 17.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Arthur Reginald Collins sold 4,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the sale, the director owned 9,157 shares in the company, valued at $521,582.72. This represents a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.69% of the company’s stock.

KB Home Trading Up 0.1%

Shares of KB Home stock opened at $54.91 on Monday. The firm’s 50 day moving average is $57.07 and its 200 day moving average is $55.10. The firm has a market capitalization of $3.37 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 9.10 and a beta of 1.35. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71.

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

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 6th. KB Home’s dividend payout ratio is presently 34.84%.

KB Home 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.