Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,983 Shares of KB Home (NYSE:KBH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in KB Home (NYSE:KBH) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,136 shares of the construction company’s stock after buying an additional 1,983 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KB Home were worth $1,652,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC raised its holdings in shares of KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after buying an additional 1,752,498 shares during the last quarter. State Street Corp increased its position in KB Home by 1.3% in the third quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock worth $303,285,000 after purchasing an additional 45,311 shares during the period. Fisher Asset Management LLC increased its position in KB Home by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock worth $149,928,000 after purchasing an additional 75,143 shares during the period. Geode Capital Management LLC increased its position in KB Home by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after purchasing an additional 16,593 shares during the period. Finally, Holocene Advisors LP acquired a new stake in KB Home in the third quarter worth about $89,899,000. 96.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KBH has been the subject of a number of research reports. Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Bank of America decreased their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, KB Home presently has an average rating of “Hold” and an average target price of $75.21.

KB Home Trading Down 0.2 %

NYSE:KBH opened at $60.54 on Tuesday. KB Home has a fifty-two week low of $59.00 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The stock has a market capitalization of $4.33 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business’s 50-day simple moving average is $64.53 and its 200-day simple moving average is $73.68.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $1.85 EPS. KB Home’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.44% of the stock is currently owned by company insiders.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.