Skandinaviska Enskilda Banken AB publ Boosts Stake in KB Home (NYSE:KBH)

Skandinaviska Enskilda Banken AB publ increased its stake in shares of KB Home (NYSE:KBH - Free Report) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 695,966 shares of the construction company's stock after acquiring an additional 67,628 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.93% of KB Home worth $48,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KBH. American Century Companies Inc. raised its holdings in shares of KB Home by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock worth $118,244,000 after acquiring an additional 147,326 shares in the last quarter. LSV Asset Management lifted its position in KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after purchasing an additional 572,800 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of KB Home by 2.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company's stock worth $63,692,000 after buying an additional 18,981 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of KB Home by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company's stock worth $61,250,000 after buying an additional 3,993 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of KB Home during the 4th quarter valued at about $36,761,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Down 1.3 %

NYSE KBH traded down $1.18 on Friday, reaching $88.45. 518,352 shares of the company were exchanged, compared to its average volume of 1,245,862. The business's fifty day moving average price is $81.77 and its 200 day moving average price is $72.90. The stock has a market capitalization of $6.65 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70.

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, topping the consensus estimate of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.64 billion. Equities research analysts forecast that KB Home will post 8.38 earnings per share for the current year.

KB Home Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home's dividend payout ratio is presently 13.23%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KBH. Wedbush reissued a "neutral" rating and set a $67.00 price objective on shares of KB Home in a research note on Thursday, September 12th. Evercore ISI increased their price target on KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, July 15th. Keefe, Bruyette & Woods lifted 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 note on Thursday, June 20th. Wells Fargo & Company raised their target price on shares of KB Home from $70.00 to $80.00 and gave the stock an "equal weight" rating in a report on Monday, September 9th. Finally, Bank of America raised their price target on KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.96.

KB Home 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.