Ameritas Advisory Services LLC Takes Position in KB Home $KBH

Ameritas Advisory Services LLC purchased a new stake in KB Home (NYSE:KBH) during the second quarter, Holdings Channel.com reports. The firm purchased 1,113 shares of the construction company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. RBA Wealth Management LLC increased its holdings in shares of KB Home by 2.7% in the 2nd quarter. RBA Wealth Management LLC now owns 66,160 shares of the construction company’s stock valued at $3,504,000 after acquiring an additional 1,720 shares during the period. Ruffer LLP increased its holdings in shares of KB Home by 66.9% in the 2nd quarter. Ruffer LLP now owns 107,751 shares of the construction company’s stock valued at $5,708,000 after acquiring an additional 43,207 shares during the period. Ballentine Partners LLC increased its holdings in shares of KB Home by 19.8% in the 2nd quarter. Ballentine Partners LLC now owns 11,907 shares of the construction company’s stock valued at $631,000 after acquiring an additional 1,971 shares during the period. GAMMA Investing LLC increased its holdings in shares of KB Home by 78.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,958 shares of the construction company’s stock valued at $157,000 after acquiring an additional 1,300 shares during the period. Finally, Ridgewood Investments LLC purchased a new position in shares of KB Home in the 2nd quarter valued at $164,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KBH. Barclays set a $49.00 price target on KB Home and gave the company an “equal weight” rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. dropped their target price on KB Home from $63.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their target price on KB Home from $65.00 to $58.00 and set a “market perform” rating on the stock in a research note on Thursday, June 26th. Finally, Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.36.

KB Home Stock Performance

Shares of KBH opened at $57.65 on Monday. The stock has a 50-day moving average of $63.03 and a two-hundred day moving average of $57.05. KB Home has a one year low of $48.90 and a one year high of $85.92. The stock has a market cap of $3.73 billion, a P/E ratio of 7.64, a P/E/G ratio of 4.75 and a beta of 1.40.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. KB Home’s payout ratio is currently 13.25%.

Insider Buying and Selling

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of KB Home stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total transaction of $749,280.00. Following the completion of the sale, the chief operating officer owned 78,345 shares of the company’s stock, valued at approximately $4,193,024.40. The trade was a 15.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.89% of the company’s stock.

KB Home Company 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.