Foundry Partners LLC Purchases 7,228 Shares of KB Home (NYSE:KBH)

Foundry Partners LLC boosted its position in shares of KB Home (NYSE:KBH) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,972 shares of the construction company’s stock after purchasing an additional 7,228 shares during the quarter. Foundry Partners LLC owned about 0.15% of KB Home worth $7,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of KBH. Manchester Capital Management LLC increased its stake in shares of KB Home by 433.0% in the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after acquiring an additional 394 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of KB Home in the 1st quarter valued at about $60,000. Plato Investment Management Ltd increased its stake in shares of KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after acquiring an additional 452 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after acquiring an additional 963 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of KB Home in the 1st quarter valued at about $120,000. 96.09% of the stock is owned by institutional investors.

KB Home Trading Up 2.1 %

Shares of KB Home stock traded up $1.63 on Friday, reaching $80.49. 163,402 shares of the company were exchanged, compared to its average volume of 1,261,201. KB Home has a one year low of $42.11 and a one year high of $88.31. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.84 and a beta of 1.80. The company has a 50-day moving average of $78.54 and a 200 day moving average of $71.51.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Analysts predict that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

Wall Street Analyst Weigh In

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

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.