25,700 Shares in KB Home $KBH Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in KB Home (NYSE:KBH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,700 shares of the construction company’s stock, valued at approximately $1,609,000.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its stake in KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after buying an additional 220 shares in the last quarter. Eastern Bank purchased a new stake in shares of KB Home during the 2nd quarter valued at $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of KB Home during the 3rd quarter worth $36,000. Finally, Rothschild Investment LLC grew its position in KB Home by 391.0% in the fourth quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after acquiring an additional 653 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insider Activity

In other KB Home news, EVP Albert Z. Praw sold 22,015 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 104,062 shares in the company, valued at approximately $6,108,439.40. The trade was a 17.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur Collins sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the sale, the director directly owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.69% of the company’s stock.

KB Home Stock Up 2.8%

Shares of NYSE:KBH opened at $49.11 on Friday. The stock has a market cap of $3.01 billion, a PE ratio of 17.11, a PEG ratio of 2.47 and a beta of 1.34. The company’s fifty day moving average is $55.34 and its 200 day moving average is $54.19. KB Home has a 52 week low of $44.03 and a 52 week high of $68.41.

KB Home (NYSE:KBH) last posted its quarterly earnings results 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 return on equity of 7.67% and a net margin of 4.94%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. Sell-side analysts anticipate that KB Home will post 3.27 EPS for the current year.

KB Home Dividend Announcement

The business also recently announced 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 2.0%. The ex-dividend date of this dividend was Thursday, August 6th. KB Home’s payout ratio is 34.84%.

Wall Street Analyst Weigh In

KBH has been the topic of a number of research analyst reports. Citigroup reissued a “market outperform” rating on shares of KB Home in a research note on Thursday. Weiss Ratings cut KB Home from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Truist Financial raised their price objective on KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $77.00 target price on shares of KB Home in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.00.

KB Home Profile

KB Home (NYSE: KBH) is a homebuilding company that designs, constructs and sells residential properties in the United States. Its offerings primarily include single-family homes, with communities and floor plans intended for first-time buyers, move-up buyers and other owner-occupants. The company also provides homebuyers with opportunities to personalize selected features and finishes through its build-to-order approach.

The company operates in several major housing markets across the United States, including locations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.