Mercer Global Advisors Inc. ADV Acquires 4,357 Shares of KB Home (NYSE:KBH)

Mercer Global Advisors Inc. ADV grew its stake in KB Home (NYSE:KBH) by 19.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,753 shares of the construction company’s stock after purchasing an additional 4,357 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in KB Home were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KBH. Fidelis Capital Partners LLC bought a new stake in KB Home during the first quarter worth about $60,000. Plato Investment Management Ltd boosted its stake in shares of KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after purchasing an additional 452 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after acquiring an additional 963 shares during the period. Manchester Capital Management LLC boosted its position in shares of KB Home by 134.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after purchasing an additional 652 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of KB Home in the 1st quarter valued at about $120,000. Institutional investors own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KBH. Bank of America upped their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. 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 note on Thursday, September 5th. The Goldman Sachs Group increased their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company raised their target price on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Finally, Wedbush reissued a “neutral” rating and set a $67.00 price target on shares of KB Home in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, KB Home has an average rating of “Hold” and a consensus target price of $74.96.

KB Home Stock Up 1.1 %

KBH stock opened at $88.20 on Tuesday. The company has a market cap of $6.63 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70. The business has a 50-day simple moving average of $82.22 and a 200 day simple moving average of $73.24.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

About KB Home

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.