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Versor Investments LP Cuts Its Position in KB Home (NYSE:KBH)

Versor Investments LP trimmed its stake in shares of KB Home (NYSE:KBH – Free Report) by 75.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,732 shares of the construction company’s stock after selling 27,449 shares during the quarter. Versor Investments LP’s holdings in KB Home were worth $613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of KB Home in the 4th quarter valued at about $36,761,000. Swedbank AB purchased a new stake in KB Home in the first quarter valued at approximately $13,047,000. Assenagon Asset Management SA grew its position in KB Home by 190.8% in the second quarter. Assenagon Asset Management SA now owns 104,708 shares of the construction company’s stock worth $7,348,000 after purchasing an additional 68,697 shares in the last quarter. WBI Investments LLC acquired a new position in shares of KB Home in the second quarter valued at $4,490,000. Finally, Acadian Asset Management LLC raised its position in KB Home by 15,718.8% in the first quarter. Acadian Asset Management LLC now owns 63,275 shares of the construction company’s stock valued at $4,481,000 after acquiring an additional 62,875 shares during the period. 96.09% of shares are currently owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Wedbush boosted their target price on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Goldman Sachs Group boosted their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI boosted their price objective on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Zelman & Associates reiterated an “underperform” rating and set a $69.00 target price on shares of KB Home in a research note on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. KB Home currently has an average rating of “Hold” and a consensus price target of $72.88, according to MarketBeat .

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KB home stock performance

Shares of NYSE KBH opened at $80.94 on Wednesday. KB Home has a 1 year low of $42.11 and a 1 year high of $88.31. The stock has a fifty day moving average price of $77.89 and a two hundred day moving average price of $71.26. The firm has a market cap of $6.09 billion, a P/E ratio of 10.71, a PEG ratio of 0.84 and a beta of 1.80.

KB Home (NYSE:KBH – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. On average, research analysts predict that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a dividend yield of 1.24%. The ex-dividend date was Thursday, August 8. KB Home’s dividend payout ratio is 13.23%.

KB main profile

(Free Report)

KB Home operates as a home construction company in the United States. It operates through four segments: West Coast, South West, Central and South East. Builds and sells a variety of homes, including attached and detached single-family homes, townhomes and condominiums, primarily to first-time homebuyers, first movers, second movers and active adult homebuyers.

Featured stories

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Quarterly Institutional Ownership of KB Home (NYSE:KBH)

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