KB Home (NYSE:KBH) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of KB Home (NYSE:KBH) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,128 shares of the construction company’s stock after purchasing an additional 446 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in KB Home were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KBH. Mercer Global Advisors Inc. ADV grew its stake in KB Home by 19.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 26,753 shares of the construction company’s stock valued at $1,878,000 after acquiring an additional 4,357 shares during the last quarter. WINTON GROUP Ltd grew its stake in KB Home by 754.7% in the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after acquiring an additional 182,595 shares during the last quarter. Vest Financial LLC grew its stake in KB Home by 26.9% in the 2nd quarter. Vest Financial LLC now owns 15,804 shares of the construction company’s stock valued at $1,109,000 after acquiring an additional 3,347 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in KB Home in the 2nd quarter valued at about $214,000. Finally, American Century Companies Inc. grew its stake in KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after acquiring an additional 147,326 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KBH has been the topic of a number of research reports. Evercore ISI increased their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company upped their target price on shares of 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 shares of KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Wedbush restated a “neutral” rating and issued a $67.00 target price on shares of KB Home in a report on Thursday, September 12th. Finally, The Goldman Sachs Group upped their target price 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. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.96.

KB Home Price Performance

Shares of KBH stock opened at $87.44 on Wednesday. The firm has a market cap of $6.58 billion, a P/E ratio of 11.57, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a 1-year low of $42.11 and a 1-year high of $89.70. The firm’s 50-day simple moving average is $82.33 and its 200-day simple moving average is $73.37.

KB Home Dividend Announcement

The firm also recently announced 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 1.14%. The ex-dividend date was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) 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.