Dimensional Fund Advisors LP Has $67.20 Million Stake in KB Home (KBH)

Dimensional Fund Advisors LP increased its position in KB Home (NYSE:KBH) by 16.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,803,374 shares of the construction company’s stock after buying an additional 394,584 shares during the period. Dimensional Fund Advisors LP owned about 3.28% of KB Home worth $67,196,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning increased its position in KB Home by 34.9% during the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after purchasing an additional 1,110 shares during the last quarter. Envestnet Asset Management Inc. increased its position in KB Home by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after purchasing an additional 639 shares during the last quarter. Victory Capital Management Inc. increased its position in KB Home by 40.2% during the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after purchasing an additional 2,020 shares during the last quarter. LS Investment Advisors LLC increased its position in KB Home by 18.0% during the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after purchasing an additional 991 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in KB Home by 28.7% during the first quarter. Lazard Asset Management LLC now owns 9,418 shares of the construction company’s stock worth $187,000 after purchasing an additional 2,100 shares during the last quarter. 98.37% of the stock is owned by institutional investors and hedge funds.

KBH has been the subject of several research analyst reports. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. MKM Partners reaffirmed a “neutral” rating on shares of KB Home in a research report on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of KB Home in a research report on Tuesday, August 29th. Deutsche Bank AG upped their price target on shares of KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Finally, Wedbush reaffirmed an “ourperform” rating and set a $26.00 price target on shares of KB Home in a research report on Saturday, September 16th. 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’s stock. KB Home presently has an average rating of “Hold” and an average target price of $21.93.

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In other news, EVP Albert Z. Praw sold 150,000 shares of KB Home stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $25.85, for a total value of $3,877,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey T. Mezger sold 400,000 shares of KB Home stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the completion of the transaction, the insider now directly owns 682,996 shares in the company, valued at approximately $15,579,138.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 607,405 shares of company stock worth $14,332,722. Insiders own 8.60% of the company’s stock.

Shares of KB Home (NYSE KBH) opened at 27.18 on Thursday. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $22.00. KB Home has a 1-year low of $14.06 and a 1-year high of $27.22. The stock has a market capitalization of $2.35 billion, a P/E ratio of 19.47 and a beta of 1.54.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts expect that KB Home will post $1.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors 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 yield of 0.37%. The ex-dividend date is Wednesday, November 1st. KB Home’s payout ratio is presently 7.19%.

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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