Meeder Asset Management Inc. Purchases 7,227 Shares of KB Home (KBH)

Meeder Asset Management Inc. raised its position in KB Home (NYSE:KBH) by 17.5% during the first quarter, Holdings Channel reports. The fund owned 48,451 shares of the construction company’s stock after buying an additional 7,227 shares during the period. Meeder Asset Management Inc.’s holdings in KB Home were worth $963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KBH. AQR Capital Management LLC raised its position in shares of KB Home by 19.6% in the fourth quarter. AQR Capital Management LLC now owns 5,913,630 shares of the construction company’s stock worth $93,494,000 after buying an additional 967,609 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of KB Home by 38.5% in the fourth quarter. Guggenheim Capital LLC now owns 448,648 shares of the construction company’s stock worth $7,094,000 after buying an additional 124,803 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of KB Home during the fourth quarter worth about $277,000. A.R.T. Advisors LLC raised its position in shares of KB Home by 20.7% in the fourth quarter. A.R.T. Advisors LLC now owns 64,200 shares of the construction company’s stock worth $1,015,000 after buying an additional 11,000 shares during the last quarter. Finally, Blenheim Capital Management BV acquired a new position in shares of KB Home during the fourth quarter worth about $308,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

Shares of KB Home (KBH) traded down 0.09% during trading on Thursday, reaching $21.36. 1,968,402 shares of the company traded hands. KB Home has a 12-month low of $13.66 and a 12-month high of $21.97. The stock has a market capitalization of $1.82 billion, a PE ratio of 18.74 and a beta of 1.93. The firm’s 50-day moving average is $20.94 and its 200-day moving average is $18.31.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, March 23rd. The construction company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $818.60 million during the quarter, compared to analyst estimates of $797.78 million. KB Home had a net margin of 2.94% and a return on equity of 6.35%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. On average, equities analysts predict that KB Home will post $1.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Thursday, May 4th were issued a $0.025 dividend. The ex-dividend date was Tuesday, May 2nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. KB Home’s payout ratio is 8.85%.

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A number of brokerages have issued reports on KBH. Mizuho began coverage on shares of KB Home in a research report on Tuesday, May 16th. They set a “neutral” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday. Raymond James Financial, Inc. upgraded shares of KB Home from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 13th. Deutsche Bank AG increased their target price on shares of KB Home from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Finally, Citigroup Inc increased their target price on shares of KB Home from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, March 27th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. KB Home currently has a consensus rating of “Hold” and an average target price of $17.75.

In other news, SVP Thomas F. Norton sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $19.81, for a total value of $891,450.00. Following the completion of the sale, the senior vice president now directly owns 106,429 shares in the company, valued at approximately $2,108,358.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.

KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KBH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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