KB Home $KBH Shares Bought by Creative Planning

Creative Planning increased its position in shares of KB Home (NYSE:KBH) by 75.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,524 shares of the construction company’s stock after purchasing an additional 19,956 shares during the period. Creative Planning owned 0.07% of KB Home worth $2,464,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new stake in KB Home during the 1st quarter worth about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in KB Home in the second quarter worth $44,000. Manchester Capital Management LLC lifted its holdings in KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock worth $56,000 after purchasing an additional 221 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of KB Home during the 2nd quarter worth $59,000. Finally, AlphaQuest LLC bought a new position in shares of KB Home in the first quarter worth about $60,000. Institutional investors own 96.09% of the company’s stock.

Insider Transactions at KB Home

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total value of $1,218,662.72. Following the completion of the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at approximately $6,252,044.96. This represents a 16.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.89% of the company’s stock.

KB Home Stock Down 0.9%

Shares of KB Home stock opened at $61.12 on Tuesday. The business has a fifty day simple moving average of $61.85 and a 200 day simple moving average of $58.67. The stock has a market cap of $3.96 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 5.17 and a beta of 1.36. KB Home has a 12 month low of $48.90 and a 12 month high of $85.66.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.11. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. KB Home’s payout ratio is currently 13.25%.

Analysts Set New Price Targets

KBH has been the topic of a number of analyst reports. UBS Group reissued a “buy” rating and issued a $83.00 target price on shares of KB Home in a research note on Thursday, September 25th. Raymond James Financial increased their price objective on shares of KB Home from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Wells Fargo & Company increased their price target on shares of KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada raised their price target on shares of KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, KB Home has a consensus rating of “Hold” and a consensus target price of $64.36.

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.