Kingsview Wealth Management LLC Has $899,000 Holdings in KB Home $KBH

Kingsview Wealth Management LLC decreased its stake in shares of KB Home (NYSE:KBH) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,975 shares of the construction company’s stock after selling 2,510 shares during the period. Kingsview Wealth Management LLC’s holdings in KB Home were worth $899,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KBH. Banque Cantonale Vaudoise acquired a new position in KB Home in the 1st quarter worth $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of KB Home in the second quarter valued at about $44,000. Manchester Capital Management LLC lifted its holdings 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 purchasing an additional 221 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of KB Home during the first quarter worth about $60,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of KB Home during the second quarter worth about $59,000. 96.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group restated a “buy” rating and issued a $83.00 target price on shares of KB Home in a research note on Thursday, September 25th. Evercore ISI set a $65.00 price objective on shares of KB Home and gave the company an “in-line” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of KB Home from $63.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, Wells Fargo & Company lifted their price target on shares of KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus price target of $64.36.

Insider Transactions at KB Home

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of KB Home stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the completion of the transaction, the executive vice president directly owned 104,062 shares of the company’s stock, valued at $6,252,044.96. The trade was a 16.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.89% of the stock is owned by corporate insiders.

KB Home Stock Performance

Shares of NYSE:KBH opened at $57.85 on Friday. KB Home has a 52-week low of $48.90 and a 52-week high of $85.66. The company has a market capitalization of $3.75 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 5.17 and a beta of 1.36. The company has a 50-day simple moving average of $62.01 and a 200 day simple moving average of $58.50.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio is 13.25%.

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.