KB Home (NYSE:KBH) Shares Bought by Foundry Partners LLC

Foundry Partners LLC boosted its stake in shares of KB Home (NYSE:KBH - Free Report) by 7.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 110,972 shares of the construction company's stock after purchasing an additional 7,228 shares during the period. Foundry Partners LLC owned approximately 0.15% of KB Home worth $7,788,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Manchester Capital Management LLC grew its holdings 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 period. Fidelis Capital Partners LLC acquired a new stake in shares of KB Home during the 1st quarter worth approximately $60,000. Plato Investment Management Ltd increased its holdings in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock valued at $77,000 after purchasing an additional 452 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in shares of KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock valued at $78,000 after purchasing an additional 963 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in KB Home during the first quarter worth $120,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KBH. Keefe, Bruyette & Woods upped their price objective on shares of KB Home from $74.00 to $77.00 and gave the stock a "market perform" rating in a research report on Thursday, June 20th. Wedbush increased their price target on KB Home from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, June 20th. The Goldman Sachs Group boosted 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. Royal Bank of Canada lowered KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 target price on the stock. in a research report on Thursday. Finally, Evercore ISI boosted their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $72.88.

KB Home Stock Performance

Shares of KBH stock traded up $0.53 during trading hours on Friday, reaching $79.39. The company had a trading volume of 1,102,382 shares, compared to its average volume of 1,266,660. KB Home has a 12-month low of $42.11 and a 12-month high of $88.31. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.84 and a beta of 1.80. The stock has a fifty day moving average of $78.72 and a 200-day moving average of $71.64.

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

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. KB Home's dividend payout ratio is currently 13.23%.

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.