Leuthold Group LLC Decreases Stock Position in KB Home (NYSE:KBH)

Leuthold Group LLC reduced its position in KB Home (NYSE:KBH) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,547 shares of the construction company’s stock after selling 612 shares during the period. Leuthold Group LLC owned approximately 0.08% of KB Home worth $4,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KBH. Fidelis Capital Partners LLC acquired a new stake in KB Home during the 1st quarter valued at approximately $60,000. Plato Investment Management Ltd increased its stake in shares of KB Home by 72.0% in the first 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 last quarter. Tortoise Investment Management LLC increased its stake in shares of KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after buying an additional 963 shares during the last quarter. Manchester Capital Management LLC boosted its stake in KB Home by 134.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after acquiring an additional 652 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in KB Home during the 1st quarter valued at $120,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore ISI increased their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company increased their target price on KB Home from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Keefe, Bruyette & Woods upped their price target on KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Wedbush reaffirmed a “neutral” rating and issued a $67.00 price objective on shares of KB Home in a report on Thursday, September 12th. Finally, Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.71.

KB Home Price Performance

Shares of KBH stock opened at $86.63 on Thursday. KB Home has a 12-month low of $42.11 and a 12-month high of $89.37. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The business has a 50 day simple moving average of $81.45 and a 200 day simple moving average of $72.79.

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

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. KB Home’s dividend payout ratio is presently 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.