Cipher Capital LP lifted its holdings in shares of KB Home (NYSE:KBH) by 52.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,173 shares of the construction company’s stock after acquiring an additional 38,803 shares during the quarter. Cipher Capital LP owned approximately 0.13% of KB Home worth $2,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KBH. BlackRock Inc. boosted its stake in shares of KB Home by 19,999.6% during the 1st quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock worth $200,078,000 after acquiring an additional 10,014,198 shares during the period. Artemis Investment Management LLP bought a new position in shares of KB Home during the 2nd quarter worth approximately $8,539,000. Quantitative Investment Management LLC boosted its stake in shares of KB Home by 691.5% during the 1st quarter. Quantitative Investment Management LLC now owns 400,500 shares of the construction company’s stock worth $7,961,000 after acquiring an additional 349,900 shares during the period. Prudential Financial Inc. boosted its stake in shares of KB Home by 87.1% during the 2nd quarter. Prudential Financial Inc. now owns 686,878 shares of the construction company’s stock worth $16,464,000 after acquiring an additional 319,814 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of KB Home by 62.8% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 734,681 shares of the construction company’s stock worth $14,605,000 after acquiring an additional 283,446 shares during the period. Institutional investors own 98.37% of the company’s stock.

Several research analysts have recently commented on KBH shares. Wedbush set a $22.00 target price on KB Home and gave the stock a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, June 7th. BidaskClub downgraded KB Home from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. MKM Partners upgraded KB Home to a “hold” rating and lifted their target price for the stock from $20.00 to $24.00 in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG lifted their target price on KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.88.

KB Home (NYSE:KBH) opened at 21.59 on Monday. The firm has a market capitalization of $1.85 billion, a PE ratio of 16.63 and a beta of 1.60. The firm has a 50-day moving average price of $22.78 and a 200 day moving average price of $21.08. KB Home has a one year low of $14.06 and a one year high of $24.37.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. During the same period last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts anticipate that KB Home will post $1.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, August 1st. KB Home’s payout ratio is currently 7.69%.

In other news, SVP William R. Hollinger sold 57,405 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total value of $1,331,221.95. Following the completion of the transaction, the senior vice president now directly owns 214,306 shares of the company’s stock, valued at $4,969,756.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey T. Mezger sold 400,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $22.81, for a total value of $9,124,000.00. Following the completion of the transaction, the insider now directly owns 682,996 shares of the company’s stock, valued at $15,579,138.76. The disclosure for this sale can be found here. Insiders sold 620,422 shares of company stock valued at $14,269,820 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

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KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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