KB Home (NYSE:KBH) Position Reduced by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its stake in shares of KB Home (NYSE:KBH - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,175 shares of the construction company's stock after selling 16,218 shares during the period. Boston Common Asset Management LLC owned 0.26% of KB Home worth $12,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in KB Home in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of KB Home in the third quarter valued at $43,000. Versant Capital Management Inc increased its stake in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after purchasing an additional 557 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home during the third quarter worth about $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home in the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Performance

Shares of NYSE:KBH traded down $0.26 during mid-day trading on Friday, hitting $67.99. 1,380,495 shares of the company traded hands, compared to its average volume of 952,316. The firm's 50 day simple moving average is $72.80 and its 200 day simple moving average is $77.86. The firm has a market cap of $4.99 billion, a P/E ratio of 8.72, a PEG ratio of 0.54 and a beta of 1.86. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.99 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. Equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KBH shares. Barclays dropped their price objective on shares of KB Home from $85.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday. Royal Bank of Canada raised shares of KB Home from an "underperform" rating to a "sector perform" rating and dropped their price target for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Evercore ISI lifted their price target on shares of KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday. Wedbush upped their price objective on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Finally, Bank of America reduced their target price on KB Home from $80.00 to $76.00 and set a "neutral" rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $75.79.

KB Home Company 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.