AHL Partners LLP grew its holdings in KB Home (NYSE:KBH) by 613.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,677 shares of the construction company’s stock after buying an additional 225,865 shares during the period. AHL Partners LLP owned 0.31% of KB Home worth $6,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KBH. Creative Planning lifted its position in shares of KB Home by 34.9% in the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after buying an additional 1,110 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after buying an additional 639 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock valued at $140,000 after buying an additional 2,020 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after buying an additional 991 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of KB Home by 28.7% in the first quarter. Lazard Asset Management LLC now owns 9,418 shares of the construction company’s stock valued at $187,000 after buying an additional 2,100 shares during the last quarter. 98.37% of the stock is owned by institutional investors.

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Shares of KB Home (NYSE:KBH) opened at 25.64 on Friday. The firm has a market capitalization of $2.20 billion, a PE ratio of 18.33 and a beta of 1.54. The company’s 50-day moving average price is $22.01 and its 200 day moving average price is $21.77. KB Home has a 12-month low of $14.06 and a 12-month high of $25.74.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. KB Home’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities analysts forecast that KB Home will post $1.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. KB Home’s dividend payout ratio is currently 7.19%.

A number of analysts have recently issued reports on KBH shares. Deutsche Bank AG raised their price objective on KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, June 30th. MKM Partners reaffirmed a “neutral” rating on shares of KB Home in a research report on Tuesday, September 5th. Wedbush cut their price objective on KB Home from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of KB Home in a research report on Tuesday, August 29th. Finally, KeyCorp reissued a “hold” rating on shares of KB Home in a report on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.93.

In other KB Home news, SVP William R. Hollinger sold 57,405 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the sale, the senior vice president now owns 214,306 shares in the company, valued at $4,969,756.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey T. Mezger sold 400,000 shares of the 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 sale, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

About KB Home

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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