KB Home (NYSE:KBH) Shares Sold by Versor Investments LP

Versor Investments LP cut its position in shares of KB Home (NYSE:KBH - Free Report) by 75.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,732 shares of the construction company's stock after selling 27,449 shares during the quarter. Versor Investments LP's holdings in KB Home were worth $613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its stake in KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company's stock worth $30,000 after acquiring an additional 394 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in KB Home during the first quarter worth about $60,000. Plato Investment Management Ltd increased its stake in KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after acquiring an additional 452 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of KB Home in the first quarter valued at about $120,000. Finally, CWM LLC grew its stake in shares of KB Home by 26.6% in the second quarter. CWM LLC now owns 1,792 shares of the construction company's stock valued at $126,000 after buying an additional 377 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Down 1.2 %

NYSE:KBH traded down $0.94 during trading hours on Wednesday, reaching $80.00. 1,028,279 shares of the stock were exchanged, compared to its average volume of 1,268,359. The firm has a 50 day simple moving average of $78.12 and a 200-day simple moving average of $71.40. KB Home has a 52 week low of $42.11 and a 52 week high of $88.31. The stock has a market capitalization of $6.02 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.84 and a beta of 1.80.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.64 billion. As a group, analysts expect that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, August 8th. KB Home's payout ratio is 13.23%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KBH. Evercore ISI increased their target price on KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods increased their target price on KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a research note on Thursday, June 20th. Zelman & Associates reiterated an "underperform" rating and issued a $69.00 target price on shares of KB Home in a research note on Monday, May 13th. The Goldman Sachs Group increased their price target on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Wedbush increased their price target on KB Home from $64.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.88.

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.