EP Wealth Advisors LLC Invests $450,000 in KB Home $KBH

EP Wealth Advisors LLC acquired a new stake in KB Home (NYSE:KBH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,739 shares of the construction company's stock, valued at approximately $450,000.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. grew its position in shares of KB Home by 73.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after acquiring an additional 258 shares during the period. Sachetta LLC boosted its position in KB Home by 3,142.9% during the first quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after purchasing an additional 660 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in KB Home in the first quarter valued at approximately $40,000. Byrne Asset Management LLC grew its holdings in KB Home by 51.8% in the first quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock valued at $45,000 after purchasing an additional 264 shares during the period. Finally, Manchester Capital Management LLC increased its position in shares of KB Home by 30.1% in the first quarter. Manchester Capital Management LLC now owns 955 shares of the construction company's stock valued at $56,000 after buying an additional 221 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the transaction, 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. 3.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KBH. UBS Group dropped their price target on shares of KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Bank of America cut their price objective on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Barclays set a $49.00 target price on KB Home and gave the company an "equal weight" rating in a research report on Tuesday, June 24th. Finally, Evercore ISI dropped their price target on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, KB Home presently has a consensus rating of "Hold" and a consensus target price of $66.86.

KB Home Price Performance

KBH traded down $1.43 during trading on Friday, reaching $65.95. The company's stock had a trading volume of 980,249 shares, compared to its average volume of 1,154,324. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 5.48 and a beta of 1.36. The firm has a fifty day simple moving average of $60.09 and a two-hundred day simple moving average of $56.84. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%.The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business earned $2.15 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. As a group, analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. KB Home's dividend payout ratio (DPR) is 13.25%.

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.