Clear Harbor Asset Management LLC Purchases Shares of 16,580 KB Home $KBH

Clear Harbor Asset Management LLC bought a new position in shares of KB Home (NYSE:KBH) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,580 shares of the construction company’s stock, valued at approximately $935,000.

Several other large investors have also made changes to their positions in KBH. First Horizon Corp raised its stake in shares of 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 buying an additional 322 shares during the period. Fulcrum Asset Management LLP acquired a new position in shares of KB Home during the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC acquired a new position in shares of KB Home during the 4th quarter worth approximately $46,000. Rothschild Investment LLC raised its stake in shares of KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after buying an additional 653 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of 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 buying an additional 240 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on KBH. UBS Group reduced their target price on KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Barclays reduced their target price on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, March 25th. Bank of America reduced their price objective on KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Royal Bank Of Canada reduced their price objective on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Finally, Seaport Research Partners reissued a “sell” rating and issued a $43.00 price objective (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.17.

KB Home Stock Up 4.9%

Shares of NYSE:KBH opened at $51.26 on Tuesday. The business has a fifty day moving average of $50.77 and a two-hundred day moving average of $57.04. The stock has a market cap of $3.21 billion, a P/E ratio of 13.01, a PEG ratio of 8.63 and a beta of 1.37. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71.

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

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. KB Home’s dividend payout ratio is currently 25.38%.

About KB Home

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.