Ameritas Advisory Services LLC Purchases New Position in KB Home $KBH

Ameritas Advisory Services LLC purchased a new stake in shares of KB Home (NYSE:KBH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,113 shares of the construction company’s stock, valued at approximately $59,000.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of KB Home by 73.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company’s stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Sachetta LLC lifted its stake in shares of KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock valued at $40,000 after purchasing an additional 660 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of KB Home in the 1st quarter valued at approximately $40,000. Byrne Asset Management LLC lifted its stake in shares of KB Home by 51.8% in the 1st quarter. Byrne Asset Management LLC now owns 774 shares of the construction company’s stock valued at $45,000 after purchasing an additional 264 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KBH has been the subject of several analyst reports. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Royal Bank Of Canada raised their price target on KB Home from $58.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 25th. UBS Group reissued a “buy” rating and set a $83.00 price target on shares of KB Home in a research note on Thursday, September 25th. JPMorgan Chase & Co. decreased their price target on KB Home from $63.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.36.

Insider Buying and Selling

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total transaction of $749,280.00. Following the transaction, the chief operating officer directly owned 78,345 shares in the company, valued at $4,193,024.40. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.89% of the stock is owned by insiders.

KB Home Stock Up 0.1%

KBH opened at $57.65 on Monday. The stock’s fifty day moving average is $63.03 and its two-hundred day moving average is $57.05. The company has a market capitalization of $3.73 billion, a P/E ratio of 7.64, a PEG ratio of 4.75 and a beta of 1.40. KB Home has a 52 week low of $48.90 and a 52 week high of $85.92.

KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.50 by $0.11. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. KB Home had a return on equity of 12.91% and a net margin of 7.92%.KB Home’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $2.04 EPS. Equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio (DPR) is presently 13.25%.

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.