Kennedy-Wilson Holdings Inc. (NYSE: KW) stock jumped 2.04% on Thursday to $16.52 against a previous-day closing price of $16.19. With 0.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $16.53 whereas the lowest price it dropped to was $16.31. The 52-week range on KW shows that it touched its highest point at $18.90 and its lowest point at $13.97 during that stretch. It currently has a 1-year price target of $18.00. With its current market cap of 2.31 billion, KW has annualized dividend of $0.96 while the current yield stands at 5.81%. Beta for the stock currently stands at 1.19.
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 1.04%, but this was up by 3.51% over a month. Three-month performance dropped to -2.48% while six-month performance fell -5.65%. The stock lost -8.27% in the past year, while it has gained 5.02% so far this year. A look at the trailing 12-month EPS for KW yields 0.26 with Next year EPS estimates of 0.60. For the next quarter, that number is 0.08. This implies an EPS growth rate of -79.10% for this year and 361.54% 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, 139.39 million KW shares are outstanding with a float of 118.42 million shares on hand for trading. On Aug 14, 2023, short shares totaled 6.43 million, which was 4.61% higher than short shares on Jul 13, 2023. In addition to Mr. William J. McMorrow as the firm’s Chairman & CEO, Ms. Mary L. Ricks serves as its Pres & Director.
Through their ownership of 93.08% of KW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.46% of KW, in contrast to 34.62% held by mutual funds. Shares owned by individuals account for 26.00%. As the largest shareholder in KW with 13.21% of the stake, BlackRock Fund Advisors holds 18,413,430 shares worth 18,413,430. A second-largest stockholder of KW, The Vanguard Group, Inc., holds 18,113,677 shares, controlling over 13.00% of the firm’s shares. Hamblin Watsa Investment Counsel is the third largest shareholder in KW, holding 13,322,009 shares or 9.56% stake. With a 6.04% stake in KW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,418,890 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 2.92% of KW stock, is the second-largest Mutual Fund holder. It holds 4,071,692 shares valued at 67.18 million. Vanguard Total Stock Market ETF holds 2.65% of the stake in KW, owning 3,696,028 shares worth 60.98 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 Jun 29, 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 $18.00 and a low target of $18.00, the average target price over the next 12 months is $18.00. Based on these targets, KW could surge 8.96% to reach the target high and rise by 8.96% to reach the target low. Reaching the average price target will result in a growth of 8.96% 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 26 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 1,136,314 while 368,221 shares were sold.