KB Home (NYSE:KBH) is expected to pay $0.03 on Nov 17, 2016. The indicated annual dividend is $0.10. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on KB Home’s current price of $14.38, the dividend is 0.17%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 7, 2016. The stock increased 1.20% or $0.17 on October 28, hitting $14.38. KB Home (NYSE:KBH) has risen 4.05% since March 29, 2016 and is uptrending. It has outperformed by 0.58% the S&P500.
KB Home is a homebuilding company in the United States. The company has a market cap of $1.23 billion. The Firm constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. It has a 12.55 P/E ratio. The Company’s divisions include the West Coast, Southwest, Central and Southeast homebuilding divisions, and financial services segment.
Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.05, from 0.84 in 2016Q1. The ratio increased, as 37 funds sold all KB Home shares owned while 63 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 76.83 million shares or 3.68% less from 79.76 million shares in 2016Q1.
The France-based Capital Fund Management has invested 0.01% in KB Home (NYSE:KBH). The Pennsylvania-based Nationwide Fund has invested 0.01% in KB Home (NYSE:KBH). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt accumulated 141,510 shares or 0.02% of the stock. Mcf Advsrs Llc has invested 0.05% of its portfolio in KB Home (NYSE:KBH). Bancorp Of New York Mellon reported 1.03M shares or 0% of all its holdings. Ls Invest Advsrs Ltd Llc owns 5,218 shares or 0.01% of their US portfolio. Moreover, Amalgamated Fincl Bank has 0.01% invested in KB Home (NYSE:KBH) for 10,318 shares. Exane Derivatives last reported 0% of its portfolio in the stock. Gotham Asset Mngmt Ltd Com, a New York-based fund reported 24,735 shares. The New Jersey-based Architects has invested 0.01% in KB Home (NYSE:KBH). The Japan-based Mizuho Bk Com Limited has invested 0.02% in KB Home (NYSE:KBH). Victory Capital has invested 0% of its portfolio in KB Home (NYSE:KBH). The Kansas-based Creative Planning has invested 0% in KB Home (NYSE:KBH). The Minnesota-based Advantus Capital has invested 0% in KB Home (NYSE:KBH). Moreover, Sei Investments Communication has 0.02% invested in KB Home (NYSE:KBH) for 167,800 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 1 insider sale for $8.24 million net activity. Shares for $8.24 million were sold by MEZGER JEFFREY T on Monday, July 25.
KB Home (NYSE:KBH) Ratings Coverage
Out of 17 analysts covering KB Home (NYSE:KBH), 2 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 12% are positive. $22 is the highest target while $11 is the lowest. The $15.19 average target is 5.63% above today’s ($14.38) stock price. KB Home has been the topic of 24 analyst reports since September 4, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, October 13 report. FBR Capital maintained the shares of KBH in a report on Friday, January 8 with “Mkt Perform” rating. The rating was maintained by Citigroup on Tuesday, March 29 with “Neutral”. The stock has “Mkt Perform” rating given by FBR Capital on Friday, September 25. The rating was downgraded by Credit Suisse on Tuesday, December 15 to “Underperform”. Compass Point maintained KB Home (NYSE:KBH) rating on Thursday, September 24. Compass Point has “Neutral” rating and $15 price target. Bank of America reinitiated the shares of KBH in a report on Wednesday, October 21 with “Underperform” rating. On Monday, July 18 the stock rating was downgraded by Buckingham Research to “Neutral”. The stock has “Hold” rating given by TheStreet on Friday, October 16. FBR Capital maintained the shares of KBH in a report on Wednesday, June 22 with “Mkt Perform” rating.
More notable recent KB Home (NYSE:KBH) news were published by: Wsj.com which released: “KB Home to Sell Some Land Parcels Previously Set for Building” on October 19, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Ambev, KB Home and Zoetis” published on October 28, 2016, Seekingalpha.com published: “Patience With KB Home – Cramer’s Lightning Round (10/26/16)” on October 27, 2016. More interesting news about KB Home (NYSE:KBH) were released by: Businesswire.com and their article: “KB Home to Webcast Presentation at the UBS Building and Building Products …” published on October 26, 2016 as well as Businesswire.com‘s news article titled: “KB Home Names Matt Mandino as Regional President” with publication date: October 20, 2016.
KBH Company Profile
KB Home, incorporated on August 31, 1981, is a homebuilding firm in the United States. The Firm constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. The Company’s divisions include the West Coast, Southwest, Central and Southeast homebuilding divisions, and financial services segment. The Company’s homebuilding divisions are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding divisions, and also provides title services in various markets located within its Central and Southeast homebuilding divisions. The Company’s financial services activities also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through Home Community Mortgage, LLC (HCM).
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