Sequoia Financial Advisors LLC Has $742,000 Position in KB Home $KBH

Sequoia Financial Advisors LLC increased its holdings in shares of KB Home (NYSE:KBH) by 40.8% during the second quarter, Holdings Channel reports. The fund owned 14,003 shares of the construction company’s stock after acquiring an additional 4,059 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KB Home were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Yousif Capital Management LLC increased its holdings in shares of KB Home by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock worth $1,353,000 after acquiring an additional 209 shares during the last quarter. CWM LLC boosted its stake in KB Home by 11.8% in the 1st quarter. CWM LLC now owns 2,007 shares of the construction company’s stock valued at $117,000 after purchasing an additional 212 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in KB Home by 1.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company’s stock valued at $729,000 after purchasing an additional 221 shares during the period. Manchester Capital Management LLC boosted its stake in KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after purchasing an additional 221 shares during the period. Finally, Hancock Whitney Corp boosted its stake in KB Home by 1.1% in the 1st quarter. Hancock Whitney Corp now owns 21,930 shares of the construction company’s stock valued at $1,275,000 after purchasing an additional 246 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Performance

NYSE:KBH opened at $61.95 on Friday. The stock has a fifty day moving average price of $63.23 and a 200-day moving average price of $57.14. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 5.10 and a beta of 1.40. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $85.92.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.11. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.59 billion. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.04 EPS. Research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KBH. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Wells Fargo & Company boosted their price target on KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Raymond James Financial boosted their price target on KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a research note on Wednesday, October 8th. Finally, Bank of America cut their target price on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, KB Home has an average rating of “Hold” and an average target price of $64.36.

KB Home 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.