4,853 Shares in KB Home (NYSE:KBH) Acquired by S. R. Schill & Associates

S. R. Schill & Associates acquired a new stake in KB Home (NYSE:KBH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,853 shares of the construction company’s stock, valued at approximately $341,000.

A number of other institutional investors have also recently bought and sold shares of KBH. Manchester Capital Management LLC grew its position in KB Home by 433.0% in the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after acquiring an additional 394 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of KB Home in the 1st quarter valued at about $41,000. GAMMA Investing LLC bought a new position in shares of KB Home in the 4th quarter worth $47,000. Fidelis Capital Partners LLC purchased a new position in shares of KB Home during the first quarter valued at approximately $60,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of KB Home during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Down 1.1 %

Shares of KB Home stock traded down $0.90 on Monday, reaching $79.27. The company’s stock had a trading volume of 843,751 shares, compared to its average volume of 1,277,976. KB Home has a 52-week low of $42.11 and a 52-week high of $88.31. The company has a market capitalization of $5.96 billion, a P/E ratio of 10.60, a PEG ratio of 0.84 and a beta of 1.80. The stock has a 50-day moving average price of $73.85 and a 200-day moving average price of $68.85.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, beating 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 business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. 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 will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, August 8th. KB Home’s dividend payout ratio is currently 13.23%.

Analysts Set New Price Targets

KBH has been the topic of several recent research reports. Zelman & Associates restated an “underperform” rating and set a $69.00 target price on shares of KB Home in a research report on Monday, May 13th. Royal Bank of Canada lifted their price target on shares of KB Home from $69.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 20th. Evercore ISI boosted their price target 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. Keefe, Bruyette & Woods boosted their target price 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. Finally, Wedbush increased their target price on shares of KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.88.

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.