Daiwa Securities Group Inc. Acquires 300 Shares of KB Home (NYSE:KBH)

Daiwa Securities Group Inc. lifted its position in KB Home (NYSE:KBH) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,600 shares of the construction company’s stock after acquiring an additional 300 shares during the period. Daiwa Securities Group Inc.’s holdings in KB Home were worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KBH. US Bancorp DE increased its position in shares of KB Home by 1.6% in the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock valued at $873,000 after buying an additional 191 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in KB Home by 2.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after buying an additional 231 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in KB Home by 10.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after buying an additional 293 shares during the period. Caprock Group LLC raised its holdings in KB Home by 7.0% during the 2nd quarter. Caprock Group LLC now owns 5,479 shares of the construction company’s stock worth $385,000 after buying an additional 357 shares during the period. Finally, CWM LLC raised its holdings in KB Home by 26.6% during the 2nd quarter. CWM LLC now owns 1,792 shares of the construction company’s stock worth $126,000 after buying an additional 377 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

KBH stock opened at $86.41 on Tuesday. The company has a fifty day moving average price of $80.63 and a 200-day moving average price of $72.56. The company has a market capitalization of $6.50 billion, a P/E ratio of 11.43, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a 52-week low of $42.11 and a 52-week high of $88.31.

KB Home (NYSE:KBH) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.64 billion. As a group, sell-side analysts forecast that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KBH. Wedbush reiterated a “neutral” rating and issued a $67.00 price objective on shares of KB Home in a report on Thursday, September 12th. Evercore ISI lifted their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a report on Thursday, September 5th. Keefe, Bruyette & Woods upped their price target on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus price target of $73.71.

KB Home Company 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.