Oregon Public Employees Retirement Fund Sells 2,800 Shares of KB Home (NYSE:KBH)

Oregon Public Employees Retirement Fund decreased its stake in shares of KB Home (NYSE:KBH) by 15.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,321 shares of the construction company’s stock after selling 2,800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in KB Home were worth $1,075,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC boosted its holdings in shares of KB Home by 433.0% during the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after buying an additional 394 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of KB Home during the 1st quarter worth about $60,000. Plato Investment Management Ltd boosted its holdings in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after buying an additional 452 shares during the period. Tortoise Investment Management LLC boosted its holdings in KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after purchasing an additional 963 shares during the period. Finally, Headlands Technologies LLC bought a new stake in KB Home in the 1st quarter valued at about $120,000. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent research reports. Zelman & Associates reissued an “underperform” rating and issued a $69.00 price objective on shares of KB Home in a report on Monday, May 13th. Wells Fargo & Company boosted their price objective on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Royal Bank of Canada downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Thursday, September 5th. Finally, Wedbush boosted their price objective on shares of KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, June 20th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.71.

KB Home Trading Up 0.9 %

Shares of NYSE:KBH opened at $80.04 on Tuesday. The firm has a 50 day moving average of $78.97 and a 200-day moving average of $71.90. The stock has a market capitalization of $6.02 billion, a PE ratio of 10.59, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a 12 month low of $42.11 and a 12 month high of $88.31.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. On average, research analysts predict that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio is 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.