Kennedy-Wilson Holdings Inc. (NYSE: KW) stock fell -2.03% on Wednesday to $15.43 against a previous-day closing price of $15.75. With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.55 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $15.70 whereas the lowest price it dropped to was $15.29. The 52-week range on KW shows that it touched its highest point at $21.38 and its lowest point at $13.97 during that stretch. It currently has a 1-year price target of $18.50. With its current market cap of 2.16 billion, KW has annualized dividend of $0.96 while the current yield stands at 6.22%. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KW was up-trending over the past week, with a rise of 3.63%, but this was down by -4.34% over a month. Three-month performance dropped to -10.76% while six-month performance fell -7.16%. The stock lost -25.24% in the past year, while it has lost -1.91% so far this year. A look at the trailing 12-month EPS for KW yields -0.08 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.04. This implies an EPS growth rate of -79.10% for this year and 88.89% for next year. EPS is expected to grow by 37.78% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.40%.
Float and Shares Shorts:
At present, 137.95 million KW shares are outstanding with a float of 117.16 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.9 million, which was 3.51% higher than short shares on Mar 30, 2023. In addition to KO as the firm’s Coca-Cola Company (The), W serves as its Wayfair Inc.
Through their ownership of 84.31% of KW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.81% of KW, in contrast to 55.61% held by mutual funds. Shares owned by individuals account for 16.90%. As the largest shareholder in KW with 19.11% of the stake, Fairfax Financial Holdings Ltd. holds 26,365,487 shares worth 26,365,487. A second-largest stockholder of KW, The Vanguard Group, Inc., holds 19,831,927 shares, controlling over 14.37% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in KW, holding 18,611,975 shares or 13.49% stake. With a 6.17% stake in KW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,506,026 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.95% of KW stock, is the second-largest Mutual Fund holder. It holds 5,451,104 shares valued at 91.47 million. Vanguard Total Stock Market ETF holds 2.68% of the stake in KW, owning 3,694,062 shares worth 61.99 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, KW reported revenue of $136.10M and operating income of $7.60M. The EBITDA in the recently reported quarter was $85.20M and diluted EPS was -$0.07.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KW analysts setting a high price target of $19.00 and a low target of $18.00, the average target price over the next 12 months is $18.33. Based on these targets, KW could surge 23.14% to reach the target high and rise by 16.66% to reach the target low. Reaching the average price target will result in a growth of 18.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded KW stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 1,171,314 while 840,775 shares were sold.