Diversified Trust Co Buys 550 Shares of KB Home (NYSE:KBH)

Diversified Trust Co boosted its position in KB Home (NYSE:KBH) by 6.1% in the first quarter, HoldingsChannel.com reports. The firm owned 9,556 shares of the construction company’s stock after acquiring an additional 550 shares during the period. Diversified Trust Co’s holdings in KB Home were worth $677,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KBH. Manchester Capital Management LLC raised its stake in shares of KB Home by 433.0% during the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after acquiring an additional 394 shares in the last quarter. GAMMA Investing LLC purchased a new position in KB Home in the fourth quarter worth $47,000. Daiwa Securities Group Inc. acquired a new position in shares of KB Home during the fourth quarter worth $56,000. Whittier Trust Co. purchased a new stake in shares of KB Home during the 4th quarter valued at $62,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of KB Home during the 4th quarter valued at $130,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Performance

NYSE:KBH opened at $66.58 on Thursday. The stock has a market capitalization of $5.05 billion, a PE ratio of 8.81, a P/E/G ratio of 0.71 and a beta of 1.80. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $74.65. The company has a fifty day moving average of $69.25 and a two-hundred day moving average of $65.71.

KB Home Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, May 8th. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is 13.23%.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,294,522.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.11, for a total value of $1,553,637.60. Following the completion of the sale, the executive vice president now directly owns 135,512 shares in the company, valued at approximately $9,500,746.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,460 shares of company stock valued at $4,384,468. 3.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wedbush boosted their target price on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Royal Bank of Canada upped their price objective on shares of KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. Evercore ISI lifted their target price on shares of KB Home from $78.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Wells Fargo & Company upped their price target on shares of KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, Zelman & Associates reiterated an “underperform” rating and set a $69.00 price target on shares of KB Home in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.63.

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.