Wealthcare Advisory Partners LLC Grows Position in KB Home (NYSE:KBH)

Wealthcare Advisory Partners LLC raised its position in KB Home (NYSE:KBH) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,029 shares of the construction company’s stock after purchasing an additional 231 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in KB Home were worth $782,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of KB Home by 3.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after purchasing an additional 200 shares during the period. Beck Bode LLC raised its holdings in shares of KB Home by 0.4% in the 4th quarter. Beck Bode LLC now owns 57,114 shares of the construction company’s stock worth $3,567,000 after purchasing an additional 228 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after purchasing an additional 293 shares during the period. Manchester Capital Management LLC raised its holdings in shares of KB Home by 433.0% in the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after purchasing an additional 394 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in shares of KB Home by 1.7% in the 4th quarter. Natixis Advisors L.P. now owns 25,453 shares of the construction company’s stock worth $1,589,000 after purchasing an additional 419 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Albert Z. Praw sold 22,160 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total value of $1,553,637.60. Following the completion of the sale, the executive vice president now directly owns 135,512 shares in the company, valued at approximately $9,500,746.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Albert Z. Praw sold 22,160 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.11, for a total value of $1,553,637.60. Following the transaction, the executive vice president now owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,460 shares of company stock worth $4,384,468. 4.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KBH. Evercore ISI increased their target price on KB Home from $78.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Wedbush increased their target price on KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 20th. StockNews.com lowered KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group increased their target price on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.63.

KB Home Trading Up 1.0 %

Shares of NYSE KBH opened at $70.19 on Friday. KB Home has a twelve month low of $42.11 and a twelve month high of $74.65. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.70 and a beta of 1.77. The business has a 50 day simple moving average of $69.10 and a 200-day simple moving average of $65.50.

KB Home Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, May 8th. KB Home’s payout ratio is 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.