Bank of New Hampshire Has $2.19 Million Stake in KB Home (NYSE:KBH)

Bank of New Hampshire lifted its position in shares of KB Home (NYSE:KBH) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,343 shares of the construction company’s stock after purchasing an additional 989 shares during the period. Bank of New Hampshire’s holdings in KB Home were worth $2,191,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp raised its position in KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after buying an additional 45,311 shares during the last quarter. Fisher Asset Management LLC raised its position in KB Home by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after buying an additional 73,051 shares during the last quarter. Geode Capital Management LLC raised its position in KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after buying an additional 16,593 shares during the last quarter. Finally, American Century Companies Inc. raised its position in KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after buying an additional 147,326 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Trading Up 0.8 %

Shares of KBH stock traded up $0.50 on Tuesday, hitting $65.57. 25,882 shares of the stock were exchanged, compared to its average volume of 697,632. The firm has a market capitalization of $4.81 billion, a PE ratio of 8.41, a P/E/G ratio of 0.57 and a beta of 1.86. KB Home has a one year low of $58.05 and a one year high of $89.70. The firm’s 50 day moving average is $75.57 and its two-hundred day moving average is $78.24.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. KB Home’s payout ratio is 12.82%.

Analysts Set New Price Targets

A number of research firms recently commented on KBH. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Bank of America increased their price target on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Barclays lowered KB Home from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $99.00 to $85.00 in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Finally, Wells Fargo & Company reduced their price objective on KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $79.17.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.44% of the stock is owned by corporate 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.