KB Home (KBH) Position Increased by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC boosted its position in shares of KB Home (NYSE:KBH) by 171.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,638 shares of the construction company’s stock after purchasing an additional 19,364 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in KB Home were worth $734,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning grew its position in KB Home by 34.9% during the 2nd quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after purchasing an additional 1,110 shares during the last quarter. Envestnet Asset Management Inc. grew its position in KB Home by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after purchasing an additional 639 shares during the last quarter. Victory Capital Management Inc. grew its position in KB Home by 40.2% during the 1st quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock valued at $140,000 after purchasing an additional 2,020 shares during the last quarter. LS Investment Advisors LLC grew its position in KB Home by 18.0% during the 2nd quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after purchasing an additional 991 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in KB Home by 28.7% during the 1st quarter. Lazard Asset Management LLC now owns 9,418 shares of the construction company’s stock valued at $187,000 after purchasing an additional 2,100 shares during the last quarter. 98.37% of the stock is currently owned by institutional investors.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. KB Home’s dividend payout ratio is presently 7.19%.

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In related news, EVP Albert Z. Praw sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $25.85, for a total transaction of $3,877,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey T. Mezger sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $22.81, for a total value of $9,124,000.00. Following the transaction, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The disclosure for this sale can be found here. Insiders have sold a total of 607,405 shares of company stock worth $14,332,722 in the last 90 days. 8.60% of the stock is currently owned by company insiders.

KBH has been the topic of several recent analyst reports. BidaskClub downgraded shares of KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Wedbush set a $22.00 price objective on shares of KB Home and gave the company a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, September 22nd. Keefe, Bruyette & Woods set a $24.00 price objective on shares of KB Home and gave the company a “hold” rating in a research report on Saturday, August 19th. Finally, MKM Partners upgraded shares of KB Home to a “hold” rating and upped their target price for the company from $20.00 to $24.00 in a research note on Tuesday, June 27th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. KB Home currently has an average rating of “Hold” and a consensus price target of $21.93.

KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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