7,100 Shares in KB Home (NYSE:KBH) Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new stake in KB Home (NYSE:KBH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,100 shares of the construction company’s stock, valued at approximately $479,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of KB Home during the fourth quarter worth approximately $36,761,000. LSV Asset Management grew its holdings in KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after buying an additional 572,800 shares in the last quarter. Swedbank AB bought a new position in KB Home during the 1st quarter worth $13,047,000. Assenagon Asset Management S.A. lifted its holdings in shares of KB Home by 190.8% during the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company’s stock worth $7,348,000 after buying an additional 68,697 shares in the last quarter. Finally, WBI Investments LLC bought a new stake in shares of KB Home in the second quarter valued at about $4,490,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Trading Down 0.9 %

Shares of NYSE KBH opened at $79.77 on Thursday. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a 12 month low of $42.11 and a 12 month high of $88.31. The stock has a 50-day moving average price of $79.52 and a two-hundred day moving average price of $72.07.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.37. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. On average, sell-side analysts predict that KB Home will post 8.38 earnings per share for the current year.

KB Home Announces Dividend

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

Analyst Upgrades and Downgrades

KBH has been the subject of several analyst reports. Wedbush lifted their price objective on shares of KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Keefe, Bruyette & Woods lifted their price target on shares of KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. The Goldman Sachs Group increased their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company lifted their price objective on KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $73.71.

KB Home Company 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.