Mirador Capital Partners LP Makes New $239,000 Investment in KB Home (NYSE:KBH)

Mirador Capital Partners LP acquired a new position in KB Home (NYSE:KBH) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,633 shares of the construction company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares during the period. Thrivent Financial for Lutherans lifted its holdings in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after buying an additional 162 shares in the last quarter. CWM LLC boosted its position in KB Home by 10.2% in the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after buying an additional 183 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after acquiring an additional 189 shares in the last quarter. Finally, Jupiter Wealth Management LLC increased its position in shares of KB Home by 1.2% during the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after acquiring an additional 225 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore ISI raised their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group dropped their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Wedbush boosted their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.88.

KB Home Stock Down 0.3 %

Shares of NYSE KBH opened at $68.33 on Friday. The firm’s 50-day moving average price is $73.08 and its two-hundred day moving average price is $77.86. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The stock has a market capitalization of $5.01 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.54 and a beta of 1.86.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. As a group, equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

About KB Home

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.