World Investment Advisors LLC Acquires Shares of 14,305 KB Home (NYSE:KBH)

World Investment Advisors LLC acquired a new stake in KB Home (NYSE:KBH - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,305 shares of the construction company's stock, valued at approximately $1,226,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of KB Home by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company's stock valued at $1,842,000 after acquiring an additional 161 shares during the period. Thrivent Financial for Lutherans raised its holdings in KB Home by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company's stock worth $1,304,000 after purchasing an additional 162 shares during the last quarter. CWM LLC boosted its position in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company's stock worth $169,000 after purchasing an additional 183 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in KB Home by 3.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company's stock valued at $353,000 after purchasing an additional 189 shares during the last quarter. Finally, Jupiter Wealth Management LLC increased its position in shares of KB Home by 1.2% in the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company's stock valued at $1,619,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KBH shares. JPMorgan Chase & Co. dropped their target price on shares of KB Home from $92.50 to $82.00 and set a "neutral" rating for the company in a report on Friday. Bank of America raised their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Wedbush increased their target price on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Wells Fargo & Company downgraded KB Home from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Finally, The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, KB Home presently has a consensus rating of "Hold" and an average price target of $79.92.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.44% of the stock is owned by insiders.

KB Home Stock Performance

KB Home stock traded down $0.17 during trading on Monday, reaching $71.25. The company had a trading volume of 1,048,214 shares, compared to its average volume of 1,203,087. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.59 and a beta of 1.81. KB Home has a 12-month low of $58.05 and a 12-month high of $89.70. The stock's 50 day moving average price is $79.83 and its two-hundred day moving average price is $78.52.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the business posted $1.80 earnings per share. The company's quarterly revenue was up 10.3% compared to the same quarter last year. As a group, research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.40%. KB Home's dividend payout ratio is currently 12.82%.

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.