Cetera Investment Advisers Acquires 698 Shares of KB Home (NYSE:KBH)

Cetera Investment Advisers boosted its holdings in KB Home (NYSE:KBH) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,097 shares of the construction company’s stock after acquiring an additional 698 shares during the period. Cetera Investment Advisers’ holdings in KB Home were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new stake in shares of KB Home during the 4th quarter worth about $253,000. NBC Securities Inc. increased its stake in shares of KB Home by 15.4% during the first quarter. NBC Securities Inc. now owns 4,852 shares of the construction company’s stock worth $343,000 after purchasing an additional 647 shares during the period. Salem Investment Counselors Inc. lifted its holdings in KB Home by 8.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 149,300 shares of the construction company’s stock worth $10,582,000 after purchasing an additional 11,925 shares during the last quarter. Ballentine Partners LLC boosted its stake in KB Home by 26.8% in the 1st quarter. Ballentine Partners LLC now owns 8,457 shares of the construction company’s stock valued at $599,000 after purchasing an additional 1,790 shares during the period. Finally, FCF Advisors LLC grew its holdings in KB Home by 102.9% in the 1st quarter. FCF Advisors LLC now owns 21,882 shares of the construction company’s stock valued at $1,551,000 after buying an additional 11,099 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KBH shares. Evercore ISI upped their price target 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. Royal Bank of Canada cut 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 report on Thursday, September 5th. Barclays increased their price target on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wedbush lifted their price objective on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Bank of America increased their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.50.

KB Home Trading Up 1.8 %

KBH opened at $81.19 on Tuesday. The company’s 50 day moving average is $82.51 and its 200-day moving average is $74.73. The company has a market cap of $6.11 billion, a P/E ratio of 10.74, a PEG ratio of 0.69 and a beta of 1.81. KB Home has a 1-year low of $42.11 and a 1-year high of $89.70.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $1.80 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that KB Home will post 8.41 EPS for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.23%. KB Home’s dividend payout ratio is presently 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.