LSV Asset Management Acquires 572,800 Shares of KB Home (NYSE:KBH)

LSV Asset Management raised its stake in shares of KB Home (NYSE:KBH - Free Report) by 118.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,056,400 shares of the construction company's stock after acquiring an additional 572,800 shares during the period. LSV Asset Management owned approximately 1.40% of KB Home worth $74,138,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Manchester Capital Management LLC boosted its holdings in KB Home by 433.0% in the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company's stock worth $30,000 after purchasing an additional 394 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of KB Home during the 1st quarter valued at $60,000. Plato Investment Management Ltd boosted its stake in shares of KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after buying an additional 452 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock worth $78,000 after acquiring an additional 963 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in KB Home during the first quarter valued at $120,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Trading Up 0.9 %

NYSE KBH traded up $0.69 on Monday, reaching $80.04. 846,520 shares of the stock were exchanged, compared to its average volume of 1,264,234. The firm has a market capitalization of $6.02 billion, a PE ratio of 10.59, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a one year low of $42.11 and a one year high of $88.31. The company's 50-day simple moving average is $78.97 and its two-hundred day simple moving average is $71.90.

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

KB Home Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home's payout ratio is currently 13.23%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target 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. Wedbush increased their price objective on shares of KB Home from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, June 20th. Evercore ISI increased their price objective on shares of KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, July 15th. The Goldman Sachs Group increased their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company increased their price objective on shares of KB Home from $70.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $73.71.

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.