AdvisorShares Investments LLC Purchases New Stake in KB Home (NYSE:KBH)

AdvisorShares Investments LLC purchased a new stake in KB Home (NYSE:KBH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,100 shares of the construction company's stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE raised its holdings in shares of KB Home by 1.6% during the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company's stock worth $873,000 after buying an additional 191 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in KB Home by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company's stock worth $782,000 after acquiring an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of KB Home by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company's stock worth $201,000 after acquiring an additional 293 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of KB Home by 4.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the construction company's stock valued at $463,000 after purchasing an additional 300 shares during the last quarter. Finally, Caprock Group LLC increased its position in KB Home by 7.0% during the 2nd quarter. Caprock Group LLC now owns 5,479 shares of the construction company's stock worth $385,000 after purchasing an additional 357 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

KB Home Stock Up 3.0 %

KB Home stock traded up $2.42 during trading hours on Thursday, reaching $82.13. 716,696 shares of the company's stock were exchanged, compared to its average volume of 1,257,380. The firm's 50 day simple moving average is $79.83 and its 200 day simple moving average is $72.14. KB Home has a twelve month low of $42.11 and a twelve month high of $88.31. The firm has a market capitalization of $6.18 billion, a PE ratio of 10.86, a PEG ratio of 0.80 and a beta of 1.81.

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 the consensus estimate of $1.78 by $0.37. The business had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.64 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. Analysts anticipate that KB Home will post 8.38 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. KB Home's dividend payout ratio is presently 13.23%.

Analyst Ratings Changes

A number of analysts have weighed in on KBH shares. The Goldman Sachs Group raised their target price on shares of KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Wedbush restated a "neutral" rating and set a $67.00 price objective on shares of KB Home in a research report on Thursday. Wells Fargo & Company increased their target price on KB Home from $70.00 to $80.00 and gave the company an "equal weight" rating in a research report on Monday. Royal Bank of Canada cut KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target on the stock. in a report on Thursday, September 5th. Finally, Evercore ISI raised their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, July 15th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $73.71.

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.