Van Hulzen Asset Management LLC Takes $563,000 Position in KB Home $KBH

Van Hulzen Asset Management LLC acquired a new stake in KB Home (NYSE:KBH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,001 shares of the construction company’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Eastern Bank bought a new position in KB Home during the 2nd quarter worth approximately $26,000. Bessemer Group Inc. increased its holdings in KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Parkside Financial Bank & Trust raised its position in KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after buying an additional 250 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of KB Home in the third quarter worth $36,000. Finally, Rothschild Investment LLC lifted its position in KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after buying an additional 653 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of KBH opened at $57.12 on Wednesday. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 9.23 and a beta of 1.35. The business’s fifty day moving average is $56.98 and its 200-day moving average is $55.22.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $1.50 earnings per share. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. As a group, research analysts forecast that KB Home will post 3.3 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders 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 dividend yield of 1.8%. KB Home’s dividend payout ratio is 34.84%.

Insider Transactions at KB Home

In other KB Home news, EVP Albert Z. Praw sold 22,015 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was 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 $6,108,439.40. This represents a 17.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur Reginald Collins sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $53.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Wells Fargo & Company boosted their target price on shares of KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of KB Home in a research note on Wednesday, June 17th. Finally, Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.17.

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.