KB Home (NYSE:KBH) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its holdings in KB Home (NYSE:KBH - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,684,863 shares of the construction company's stock after acquiring an additional 147,326 shares during the quarter. American Century Companies Inc. owned 2.24% of KB Home worth $118,244,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KBH. AdvisorShares Investments LLC acquired a new stake in shares of KB Home during the second quarter worth about $479,000. Daiwa Securities Group Inc. lifted its holdings in shares of KB Home by 4.8% during the second quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the construction company's stock worth $463,000 after purchasing an additional 300 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of KB Home by 20.1% during the second quarter. Texas Permanent School Fund Corp now owns 77,223 shares of the construction company's stock worth $5,420,000 after purchasing an additional 12,906 shares during the period. LSV Asset Management lifted its holdings in shares of KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock worth $74,138,000 after purchasing an additional 572,800 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of KB Home by 24.6% during the second quarter. Ballentine Partners LLC now owns 10,538 shares of the construction company's stock worth $740,000 after purchasing an additional 2,081 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price target on KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a research report on Thursday, June 20th. Wells Fargo & Company lifted their price target on KB Home from $70.00 to $80.00 and gave the company an "equal weight" rating in a research report on Monday, September 9th. Wedbush reiterated a "neutral" rating and set a $67.00 price target on shares of KB Home in a research report on Thursday. Royal Bank of Canada cut KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. Finally, 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, September 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, KB Home currently has a consensus rating of "Hold" and an average target price of $73.71.

KB Home Trading Up 4.7 %

Shares of KBH traded up $3.90 during midday trading on Friday, reaching $86.04. 888,339 shares of the company were exchanged, compared to its average volume of 1,255,293. The stock has a 50-day moving average price of $80.23 and a 200-day moving average price of $72.36. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.80 and a beta of 1.81. KB Home has a 1-year low of $42.11 and a 1-year high of $88.31.

KB Home (NYSE:KBH - Get Free Report) last released 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 analysts' expectations of $1.64 billion. Equities research analysts anticipate that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, August 8th. KB Home's payout ratio is currently 13.23%.

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.