KB Home (NYSE:KBH) is owned by Harel Insurance Investments & Financial Services Ltd.


Harel Insurance Investments & Financial Services Limited stock price historyNYSE: KBHGet Votes) and 77.3% in the first quarter, according to the latest 13F filing with the Securities & Exchange Commission. The investor owned 2,500 shares of the construction company’s stock after selling 8,500 shares during the period. Harel Insurance Investments & Financial Services Ltd. in KB Home was worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in KB Home by 113.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,003,238 shares of the construction company’s stock valued at $44,875,000 after acquiring an additional 533,400 shares during the period. Artemis Investment Management LLP acquired a new stake in KB Home during the first quarter valued at about $8,452,000. Assenagon Asset Management SA lifted its stake in KB Home by 293.3% during the 4th quarter. Assenagon Asset Management SA now owns 335,015 shares of the construction company’s stock valued at $14,985,000 after acquiring an additional 249,836 shares during the period. Renaissance Technologies LLC raised its stake in KB Home by 315.0% in the fourth quarter. Renaissance Technologies LLC now owns 324,100 shares of the construction company’s stock valued at $14,497,000 after acquiring an additional 246,000 shares during the period. Finally, Clough Capital Partners LP acquired a new stake in KB Home during the fourth quarter valued at about $10,847,000. 89.78% of the shares are currently owned by investors and hedge funds.

KB Home Price Performance

NYSE KBH opened at $32.42 on Monday. The company’s 50-day moving average is $30.87 and its 200-day moving average is $34.92. KB Home has a 12-month low of $24.78 and a 12-month high of $50.20. The stock has a market cap of $2.83 billion, a P/E ratio of 4.44, a PEG ratio of 0.51 and a beta of 1.62.

KB Home (NYSE: KBHGet Votes) last released its results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.35. KB Home had a margin of 10.69% and a return of 21.92%. In the same quarter last year, the business earned $1.50 EPS. As a group, analysts expect that KB Home will post 10.28 EPS for the current year.

Company proposal KB Home Dividend

The company also announced a third quarter dividend, which will be paid on Thursday, August 18. Investors of record on Thursday, August 4th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 3. The company paid $0.60 per share during the last period and the annual yield was 1.85 %. KB Home’s payout is 8.22%.

Researchers Set New Price Targets

Several brokerages have commented on KBH. Wedbush reduced their price objective on shares of KB Home from $73.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, June 23. Barclays reduced their price objective on shares of KB Home from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday. June 8. Credit Suisse Group downgraded shares of KB Home from an “outperform” rating to a “neutral” rating and cut their target price for the company from $42.00 to $35.00 in a report on Monday, July 11. Wells Fargo & Company cut their price target on shares of KB Home from from $40.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, June 17th. Finally, Wolfe Research downgraded shares of KB Home from a “market perform” rating to an “underperform” rating and set a $28.00 target price for the company. in a report on Friday, May 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a target price of $42.23.

About KB Home

(Get Votes)

KB Home operates as a real estate company in the United States. It operates in four regions: West Coast, Southwest, Central, and Southeast. It builds and sells a variety of homes, including single-family homes, townhouses, and condominiums primarily for first-time, first-move, second-move, and working-age buyers.

See also

Want to see what other hedge funds are holding KBH? Go to HoldingsChannel.com to access the latest 13F filings and internal sales of KB Home (NYSE: KBHGet Votes).



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