Diversified Trust Co Raises Stock Position in KB Home (NYSE:KBH)

Diversified Trust Co lifted its stake in KB Home (NYSE:KBH) by 71.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,707 shares of the construction company’s stock after purchasing an additional 7,361 shares during the period. Diversified Trust Co’s holdings in KB Home were worth $1,517,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of KBH. Handelsbanken Fonder AB boosted its position in KB Home by 54.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,074 shares of the construction company’s stock valued at $1,892,000 after acquiring an additional 7,800 shares in the last quarter. Heritage Wealth Management Inc. bought a new stake in shares of KB Home during the second quarter valued at approximately $575,000. Sanctuary Advisors LLC bought a new stake in shares of KB Home during the second quarter valued at approximately $691,000. Cetera Investment Advisers grew its stake in KB Home by 3.1% in the second quarter. Cetera Investment Advisers now owns 23,097 shares of the construction company’s stock worth $1,621,000 after purchasing an additional 698 shares during the period. Finally, Invst LLC raised its holdings in KB Home by 6.4% in the second quarter. Invst LLC now owns 12,547 shares of the construction company’s stock worth $846,000 after purchasing an additional 751 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KBH. Royal Bank of Canada downgraded 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 research report on Thursday, September 5th. Wedbush upped their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Bank of America raised their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Evercore ISI boosted their price target on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Barclays upped their price target on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.50.

KB Home Trading Up 1.4 %

NYSE:KBH opened at $81.10 on Wednesday. The company has a market cap of $6.10 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. The company has a 50 day simple moving average of $82.73 and a two-hundred day simple moving average of $74.32. KB Home has a 12 month low of $42.11 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 EPS. Research analysts forecast that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.25 per share. 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 1.23%. 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.