Hancock Whitney Corp Buys 7,724 Shares of KB Home (NYSE:KBH)

Hancock Whitney Corp increased its stake in shares of KB Home (NYSE:KBH) by 47.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,943 shares of the construction company’s stock after buying an additional 7,724 shares during the quarter. Hancock Whitney Corp’s holdings in KB Home were worth $1,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in shares of KB Home in the 1st quarter worth about $60,000. Plato Investment Management Ltd boosted its stake in KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after acquiring an additional 452 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after acquiring an additional 963 shares during the period. Manchester Capital Management LLC increased its stake in shares of KB Home by 134.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after purchasing an additional 652 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of KB Home during the 1st quarter worth approximately $120,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KBH shares. The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Evercore ISI increased their price target on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada cut KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Wells Fargo & Company increased their target price on shares of KB Home from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Finally, Bank of America lifted their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average target price of $74.96.

KB Home Stock Performance

KB Home stock opened at $87.23 on Monday. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70. The stock has a market cap of $6.56 billion, a P/E ratio of 11.54, a PEG ratio of 0.80 and a beta of 1.81. The firm’s fifty day moving average price is $81.99 and its 200-day moving average price is $73.11.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date of this dividend 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 currently 13.23%.

KB Home Profile

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.