KB Home (NYSE:KBH) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of KB Home (NYSE:KBH) by 20.4% during the 2nd quarter, Holdings Channel reports. The firm owned 12,604 shares of the construction company’s stock after selling 3,236 shares during the quarter. ProShare Advisors LLC’s holdings in KB Home were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of KBH. Fidelis Capital Partners LLC purchased a new stake in shares of KB Home during the first quarter valued at $60,000. Plato Investment Management Ltd grew its stake in KB Home by 72.0% during 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 increased its holdings in shares of 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 purchasing an additional 963 shares during the period. Manchester Capital Management LLC raised its stake in shares of KB Home by 134.4% in the first 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 acquired a new stake in shares of KB Home during the first quarter worth about $120,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Trading Up 2.0 %

Shares of KBH opened at $85.94 on Friday. The firm has a market cap of $6.46 billion, a P/E ratio of 11.37, a PEG ratio of 0.89 and a beta of 1.81. KB Home has a 12 month low of $42.11 and a 12 month high of $89.70. The stock’s 50 day moving average is $82.58 and its two-hundred day moving average is $73.62.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. KB Home’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. Equities research analysts forecast that KB Home will post 8.38 EPS for the current year.

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 given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America raised their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Evercore ISI upped their price target on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. The Goldman Sachs Group lifted their price objective on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Barclays upped their target price on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.27.

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.