KB Home $KBH Holdings Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in KB Home (NYSE:KBH) by 953.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,776 shares of the construction company’s stock after purchasing an additional 30,571 shares during the quarter. Hsbc Holdings PLC owned 0.05% of KB Home worth $1,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Corp lifted its stake in KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after buying an additional 322 shares in the last quarter. Parkside Financial Bank & Trust increased its position 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 worth $33,000 after acquiring an additional 250 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of KB Home in the third quarter worth approximately $36,000. Aventura Private Wealth LLC acquired a new stake in shares of KB Home during the fourth quarter valued at approximately $46,000. Finally, Rothschild Investment LLC lifted its position in shares of KB Home by 391.0% in the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KBH shares. Bank of America decreased their price objective on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings lowered KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Citizens Jmp restated a “market outperform” rating and issued a $77.00 target price on shares of KB Home in a report on Wednesday, June 24th. Barclays raised their target price on KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, 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. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.17.

KB Home Stock Up 0.6%

KB Home stock opened at $62.60 on Tuesday. The company’s fifty day simple moving average is $52.03 and its 200-day simple moving average is $56.00. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71. The stock has a market cap of $3.92 billion, a P/E ratio of 15.89, a P/E/G ratio of 10.52 and a beta of 1.37.

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 analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company’s revenue was down 27.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. On average, equities research analysts expect that KB Home will post 3.23 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 7th. KB Home’s dividend payout ratio is presently 25.38%.

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.