Foundry Partners LLC Sells 160,144 Shares of KB Home (NYSE:KBH)
Foundry Partners LLC cut its holdings in KB Home (NYSE:KBH) by 23.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 516,425 shares of the construction company’s stock after selling 160,144 shares during the period. Foundry Partners LLC owned 0.59% of KB Home worth $13,288,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KBH. Norges Bank bought a new position in KB Home in the fourth quarter worth approximately $25,280,000. Long Pond Capital LP bought a new stake in shares of KB Home during the 1st quarter valued at $13,697,000. Marshall Wace LLP bought a new stake in shares of KB Home during the 1st quarter valued at $8,201,000. Braun Stacey Associates Inc. bought a new stake in shares of KB Home during the 1st quarter valued at $6,771,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of KB Home during the 1st quarter valued at $3,890,000. Institutional investors and hedge funds own 87.89% of the company’s stock.
In other KB Home news, Director Melissa Lora sold 3,291 shares of KB Home stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $26.86, for a total value of $88,396.26. Following the completion of the transaction, the director now directly owns 169,994 shares of the company’s stock, valued at approximately $4,566,038.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William R. Hollinger sold 68,147 shares of KB Home stock in a transaction on Monday, May 13th. The stock was sold at an average price of $26.16, for a total transaction of $1,782,725.52. Following the completion of the transaction, the chief accounting officer now directly owns 228,174 shares of the company’s stock, valued at $5,969,031.84. The disclosure for this sale can be found here. Insiders sold a total of 81,438 shares of company stock valued at $2,141,322 over the last three months. Corporate insiders own 7.32% of the company’s stock.
KBH traded down $0.16 during trading on Monday, hitting $26.65. 11,560 shares of the company traded hands, compared to its average volume of 1,373,640. The company has a market cap of $2.37 billion, a P/E ratio of 9.51, a PEG ratio of 1.14 and a beta of 1.42. The stock has a 50-day moving average price of $25.98. KB Home has a 1 year low of $16.82 and a 1 year high of $27.64.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, June 26th. The construction company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. KB Home had a net margin of 5.94% and a return on equity of 12.43%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $933.49 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that KB Home will post 2.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.09 dividend. This is a boost from KB Home’s previous quarterly dividend of $0.03. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, July 31st. KB Home’s dividend payout ratio (DPR) is presently 3.55%.
KB Home Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
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