8,629 Shares in KB Home (NYSE:KBH) Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. acquired a new stake in shares of KB Home (NYSE:KBH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,629 shares of the construction company’s stock, valued at approximately $606,000.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after purchasing an additional 147,326 shares during the last quarter. LSV Asset Management raised its stake in shares of KB Home by 118.4% during 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 during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of KB Home by 2.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock valued at $63,692,000 after buying an additional 18,981 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of KB Home by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock worth $61,250,000 after buying an additional 3,993 shares during the last quarter. Finally, Norges Bank acquired a new stake in KB Home during the fourth quarter worth about $36,761,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods increased their price target on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Bank of America upped their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company raised their target price on KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.96.

KB Home Price Performance

NYSE KBH opened at $87.22 on Friday. The stock’s 50 day simple moving average is $81.99 and its 200-day simple moving average is $73.04. The company has a market cap of $6.56 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. KB Home has a 1-year low of $42.11 and a 1-year high of $89.70.

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

KB Home Dividend Announcement

The firm also recently declared 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 1.15%. KB Home’s payout ratio is presently 13.23%.

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.