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Principale » Gateway Investment Advisers LLC Maintains Position in KB Home (NYSE:KBH)

Gateway Investment Advisers LLC Maintains Position in KB Home (NYSE:KBH)

21 Juillet 2017

During the same quarter previous year, the business posted $0.17 earnings per share. TIAA CREF Investment Management LLC owned 0.31% of KB Home worth $5,263,000 at the end of the most recent reporting period. Braun Stacey Associates Inc. now owns 908,955 shares of the construction company's stock worth $18,070,000 after buying an additional 669,415 shares during the period. Airain ltd purchased a new stake in M/I Homes during the first quarter worth about $214,000. Aperio Group Llc acquired 25,039 shares as Kb Home Com (KBH)'s stock rose 28.00%. Louisiana State Employees Retirement System raised its position in shares of KB Home by 1.9% in the first quarter. Comerica Bank boosted its stake in shares of KB Home by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company's stock valued at $140,000 after buying an additional 2,020 shares during the last quarter. Company insiders own 4.70% of the company's stock.

KB Home (KBH) opened at 23.43 on Thursday. The stock has a 50 day moving average price of $22.61 and a 200 day moving average price of $19.70. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.04 and a beta of 1.64. KB Home has a 1-year low of $14.06 and a 1-year high of $24.37. KB Home (NYSE:KBH) has risen 69.35% since July 17, 2016 and is uptrending. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $929.85 million. KB Home's revenue for the quarter was up 23.7% compared to the same quarter previous year. Analysts anticipate that KB Home will post $1.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, August 1st. KB Home's dividend payout ratio (DPR) is 7.69%.

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A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of M/I Homes from a "buy" rating to a "strong-buy" rating in a report on Friday, June 2nd. UBS AG raised KB Home from an "underperform" rating to a "market perform" rating in a research report on Thursday, April 13th. Zacks Investment Research lowered shares of M/I Homes from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 12th. Wedbush reissued an "outperform" rating and issued a $22.00 price objective on shares of KB Home in a research report on Friday, March 24th. Barclays PLC reaffirmed a sell rating and set a $17.00 price target on shares of KB Home in a research note on Friday, June 30th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. They now have a United States dollars 16 price target on the stock.

In related news, VP J Thomas Mason sold 27,594 shares of the business's stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $23.40, for a total value of $3,814,597.80. Following the sale, the vice president now directly owns 19,594 shares in the company, valued at approximately $556,861.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The company had a trading volume of 121,669 shares. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Tampa, Orlando and Sarasota, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C. The Company's financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments.

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