AlphaMark Advisors LLC Sells 200 Shares of KB Home (NYSE:KBH)

AlphaMark Advisors LLC lowered its holdings in KB Home (NYSE:KBH) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,675 shares of the construction company’s stock after selling 200 shares during the period. AlphaMark Advisors LLC’s holdings in KB Home were worth $328,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Falcon Wealth Planning bought a new stake in KB Home during the second quarter worth about $870,000. Diversified Trust Co lifted its position in shares of KB Home by 8.3% during the 2nd quarter. Diversified Trust Co now owns 10,346 shares of the construction company’s stock worth $726,000 after buying an additional 790 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of KB Home during the 2nd quarter worth $1,690,000. Signature Wealth Management Group lifted its position in shares of KB Home by 2.2% during the 2nd quarter. Signature Wealth Management Group now owns 29,218 shares of the construction company’s stock worth $2,050,000 after buying an additional 630 shares during the last quarter. Finally, S. R. Schill & Associates bought a new stake in shares of KB Home during the 2nd quarter worth $341,000. Institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

KBH has been the subject of a number of research reports. Wedbush increased their price target on KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 20th. Evercore ISI increased their price target on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods increased their price target on KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Royal Bank of Canada increased their price target on KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a research note on Thursday, June 20th. Finally, Zelman & Associates reaffirmed an “underperform” rating and set a $69.00 price target on shares of KB Home in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $71.88.

KB Home Stock Performance

Shares of KB Home stock traded up $0.83 during trading hours on Thursday, reaching $79.92. The company’s stock had a trading volume of 849,676 shares, compared to its average volume of 1,271,509. The company has a market capitalization of $6.01 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.84 and a beta of 1.80. The stock’s fifty day simple moving average is $74.63 and its two-hundred day simple moving average is $69.28. KB Home has a one year low of $42.11 and a one year high of $88.31.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. As a group, research analysts forecast that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. KB Home’s dividend payout ratio is currently 13.23%.

KB Home Profile

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.