Commonwealth Equity Services LLC Buys 427 Shares of KB Home (NYSE:KBH)

Commonwealth Equity Services LLC lifted its stake in shares of KB Home (NYSE:KBH) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,689 shares of the construction company’s stock after purchasing an additional 427 shares during the quarter. Commonwealth Equity Services LLC’s holdings in KB Home were worth $469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of KB Home during the 1st quarter valued at $60,000. Plato Investment Management Ltd grew its position in KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after buying an additional 452 shares in the last quarter. Manchester Capital Management LLC grew its position in KB Home by 134.4% during the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after buying an additional 652 shares in the last quarter. Headlands Technologies LLC purchased a new position in KB Home during the first quarter worth about $120,000. Finally, CWM LLC grew its position in KB Home by 26.6% during the second quarter. CWM LLC now owns 1,792 shares of the construction company’s stock worth $126,000 after buying an additional 377 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Down 2.7 %

KB Home stock opened at $87.23 on Friday. The company has a market capitalization of $6.56 billion, a P/E ratio of 11.54, a PEG ratio of 0.80 and a beta of 1.81. The stock’s 50 day moving average is $81.99 and its 200 day moving average is $73.08. KB Home has a twelve month low of $42.11 and a twelve month high of $89.70.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. KB Home’s payout ratio is currently 13.23%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KBH. Wedbush reiterated a “neutral” rating and issued a $67.00 price objective on shares of KB Home in a report on Thursday, September 12th. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. Keefe, Bruyette & Woods upped their price target on 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 target price on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI increased their target price on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, KB Home has a consensus rating of “Hold” and a consensus price target of $74.96.

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.