KB Home (NYSE:KBH) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in shares of KB Home (NYSE:KBH) by 4.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,128 shares of the construction company’s stock after purchasing an additional 446 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in KB Home were worth $781,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KBH. Fidelis Capital Partners LLC acquired a new stake in KB Home during the 1st quarter worth approximately $60,000. Plato Investment Management Ltd grew its position in KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after acquiring an additional 452 shares in the last quarter. Tortoise Investment Management LLC grew its position in KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after acquiring an additional 963 shares in the last quarter. Manchester Capital Management LLC grew its position in KB Home by 134.4% in the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after acquiring an additional 652 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in KB Home in the first quarter valued at approximately $120,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

Shares of KBH opened at $87.44 on Wednesday. The business’s fifty day moving average price is $82.33 and its 200 day moving average price is $73.37. KB Home has a 12-month low of $42.11 and a 12-month high of $89.70. The stock has a market capitalization of $6.58 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s payout ratio is 13.23%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KBH. Evercore ISI increased their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Bank of America increased their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Wedbush reaffirmed a “neutral” rating and issued a $67.00 price objective on shares of KB Home in a research report on Thursday, September 12th. The Goldman Sachs Group raised their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company raised their price target on shares of KB Home from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.96.

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.