AdvisorShares Investments LLC Takes $445,000 Position in KB Home $KBH

AdvisorShares Investments LLC bought a new position in shares of KB Home (NYSE:KBH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,600 shares of the construction company’s stock, valued at approximately $445,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new position in KB Home in the 3rd quarter valued at approximately $111,050,000. Norges Bank bought a new position in shares of KB Home during the fourth quarter worth about $48,418,000. Donald Smith & CO. Inc. lifted its stake in shares of KB Home by 387.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 725,394 shares of the construction company’s stock worth $40,919,000 after acquiring an additional 576,694 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of KB Home by 102.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 932,178 shares of the construction company’s stock worth $52,584,000 after acquiring an additional 471,598 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in KB Home by 519.2% in the fourth quarter. Engineers Gate Manager LP now owns 353,739 shares of the construction company’s stock valued at $19,954,000 after acquiring an additional 296,615 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Price Performance

KBH opened at $61.13 on Monday. The company’s 50-day moving average is $52.52 and its 200 day moving average is $55.89. KB Home has a fifty-two week low of $44.03 and a fifty-two week high of $68.71. The firm has a market capitalization of $3.83 billion, a P/E ratio of 21.30, a PEG ratio of 10.29 and a beta of 1.34.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $1.50 EPS. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post 3.25 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a yield of 1.6%. KB Home’s dividend payout ratio (DPR) is 34.84%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KBH shares. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Citigroup reiterated a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. UBS Group lifted their target price on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, KB Home has a consensus rating of “Hold” and an average price target of $60.17.

KB Home Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.