Northwestern Mutual Wealth Management Co. Has $8.92 Million Stake in KB Home $KBH

Northwestern Mutual Wealth Management Co. raised its stake in shares of KB Home (NYSE:KBH) by 48,100.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,097 shares of the construction company’s stock after purchasing an additional 157,769 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.25% of KB Home worth $8,918,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Horizon Corp raised its position in KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after purchasing an additional 322 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in KB Home during the 3rd quarter worth $36,000. Jones Financial Companies Lllp raised its position in KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares during the last quarter. Aventura Private Wealth LLC bought a new position in KB Home during the 4th quarter worth $46,000. Finally, SBI Securities Co. Ltd. raised its position in KB Home by 2,848.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after purchasing an additional 883 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KBH has been the subject of several analyst reports. Barclays lowered their target price on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. Truist Financial lowered their target price on KB Home from $54.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group lowered their target price on KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Wells Fargo & Company lowered their target price on KB Home from $55.00 to $50.00 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. Finally, Bank of America lowered their price objective on KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.17.

KB Home Trading Up 2.1%

KBH stock opened at $48.02 on Friday. The stock has a 50-day moving average price of $51.38 and a 200-day moving average price of $57.61. KB Home has a 1-year low of $44.03 and a 1-year high of $68.71. The firm has a market cap of $3.01 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 8.31 and a beta of 1.42.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $1.49 EPS. The business’s quarterly revenue was down 22.6% on a year-over-year basis. On average, analysts forecast that KB Home will post 3.1 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. KB Home’s dividend payout ratio (DPR) is 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.