Wealth Enhancement Advisory Services LLC Buys 161 Shares of KB Home (NYSE:KBH)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of KB Home (NYSE:KBH) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,494 shares of the construction company’s stock after purchasing an additional 161 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in KB Home were worth $1,842,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KBH. Thrivent Financial for Lutherans lifted its position in shares of KB Home by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after buying an additional 162 shares in the last quarter. CWM LLC boosted its position in shares of KB Home by 10.2% in the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after purchasing an additional 183 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of KB Home by 3.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after purchasing an additional 189 shares during the period. US Bancorp DE increased its stake in shares of KB Home by 1.6% in the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after purchasing an additional 191 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after purchasing an additional 241 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

NYSE KBH opened at $77.96 on Monday. The company has a market cap of $5.72 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.67 and a beta of 1.81. The business’s 50 day moving average price is $82.42 and its 200-day moving average price is $76.14. KB Home has a fifty-two week low of $47.97 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. As a group, equities analysts predict that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. KB Home’s dividend payout ratio is 12.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wedbush raised their price target on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Evercore ISI upped their price target on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. The Goldman Sachs Group lifted their price objective 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. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. Finally, Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $80.00 to $83.00 in a report on Monday, October 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.50.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,737,156.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.44% of the company’s stock.

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.