Diversified Trust Co Increases Stake in KB Home (NYSE:KBH)

Diversified Trust Co raised its position in KB Home (NYSE:KBH) by 8.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,346 shares of the construction company’s stock after purchasing an additional 790 shares during the period. Diversified Trust Co’s holdings in KB Home were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in KB Home by 1.6% in the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock valued at $873,000 after purchasing an additional 191 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of KB Home by 3.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after acquiring an additional 200 shares during the last quarter. Beck Bode LLC increased its stake in shares of KB Home by 0.4% in the 4th quarter. Beck Bode LLC now owns 57,114 shares of the construction company’s stock worth $3,567,000 after acquiring an additional 228 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of KB Home by 2.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after acquiring an additional 231 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after acquiring an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 0.8 %

NYSE KBH traded down $0.61 during trading on Wednesday, hitting $79.79. The stock had a trading volume of 86,677 shares, compared to its average volume of 1,268,641. The company has a market capitalization of $6.00 billion, a PE ratio of 10.64, a PEG ratio of 0.84 and a beta of 1.80. The firm has a 50 day moving average price of $74.25 and a 200 day moving average price of $69.13. KB Home has a twelve month low of $42.11 and a twelve month high of $88.31.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.37. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. On average, sell-side analysts anticipate that KB Home will post 8.38 earnings per share for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 8th. KB Home’s payout ratio is presently 13.23%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Evercore ISI raised their target price on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wedbush raised their price objective on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Royal Bank of Canada raised their price objective on KB Home from $69.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 20th. Finally, Zelman & Associates reissued an “underperform” rating and set a $69.00 price objective on shares of KB Home in a research report on Monday, May 13th. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.88.

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.