42,664 Shares in KB Home (NYSE:KBH) Bought by Ruffer LLP

Ruffer LLP acquired a new stake in shares of KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 42,664 shares of the construction company's stock, valued at approximately $2,804,000. Ruffer LLP owned 0.06% of KB Home at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock worth $463,690,000 after purchasing an additional 1,752,498 shares in the last quarter. State Street Corp increased its holdings in KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock worth $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Fisher Asset Management LLC increased its holdings in KB Home by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock worth $149,928,000 after acquiring an additional 75,143 shares in the last quarter. Geode Capital Management LLC boosted its stake in KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock worth $166,125,000 after purchasing an additional 16,593 shares during the period. Finally, Holocene Advisors LP bought a new position in KB Home in the 3rd quarter worth approximately $89,899,000. Institutional investors own 96.09% of the company's stock.

KB Home Stock Down 2.7 %

NYSE KBH traded down $1.64 during trading on Thursday, hitting $59.77. 1,335,301 shares of the company traded hands, compared to its average volume of 1,391,994. KB Home has a 12 month low of $59.00 and a 12 month high of $89.70. The business has a fifty day simple moving average of $64.81 and a 200 day simple moving average of $74.24. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $4.31 billion, a P/E ratio of 7.06, a PEG ratio of 0.90 and a beta of 1.89.

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KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.67%. KB Home's payout ratio is 11.81%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of analyst reports. UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Raymond James reaffirmed an "outperform" rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Bank of America lowered their price objective on KB Home from $76.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Wells Fargo & Company decreased their price target on KB Home from $65.00 to $63.00 and set an "underweight" rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.21.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.52% of the stock is owned by insiders.

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.