Ensign Peak Advisors Inc Lowers Holdings in KB Home (NYSE:KBH)

Ensign Peak Advisors Inc trimmed its stake in shares of KB Home (NYSE:KBH) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,033 shares of the construction company’s stock after selling 2,405 shares during the period. Ensign Peak Advisors Inc’s holdings in KB Home were worth $2,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its position in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 162 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of KB Home by 3.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after purchasing an additional 189 shares during the period. US Bancorp DE boosted its holdings in KB Home by 1.6% during the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after buying an additional 191 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in KB Home by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock valued at $782,000 after buying an additional 231 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in KB Home by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock valued at $201,000 after buying an additional 293 shares in the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KBH shares. The Goldman Sachs Group increased their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company raised their price objective on KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, September 9th. Keefe, Bruyette & Woods upped their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Bank of America increased their target price on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a report on Thursday, September 5th. Three investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.27.

KB Home Stock Up 1.9 %

Shares of NYSE KBH opened at $85.90 on Friday. The firm has a 50-day simple moving average of $82.46 and a 200-day simple moving average of $73.51. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, equities research analysts expect that KB Home will post 8.38 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is currently 13.23%.

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.