14,890 Shares in KB Home (NYSE:KBH) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,890 shares of the construction company's stock, valued at approximately $979,000.

Several other hedge funds also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of KB Home by 37.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,056 shares of the construction company's stock worth $661,000 after acquiring an additional 2,737 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in KB Home by 8.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,136 shares of the construction company's stock worth $1,652,000 after purchasing an additional 1,983 shares in the last quarter. Ruffer LLP acquired a new position in KB Home during the fourth quarter worth $2,804,000. Amundi boosted its position in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after buying an additional 201 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of KB Home in the fourth quarter valued at $1,774,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Performance

Shares of KBH stock traded up $2.03 during trading hours on Monday, reaching $61.78. 2,652,750 shares of the company's stock were exchanged, compared to its average volume of 1,219,541. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company's 50 day moving average is $64.22 and its two-hundred day moving average is $73.07. The company has a market cap of $4.41 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 1 year low of $54.57 and a 1 year high of $89.70.

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KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.09). The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. 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 1.62%. KB Home's payout ratio is 11.81%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI raised their target price on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their target price on KB Home from $85.00 to $76.00 and set a "market perform" rating for the company in a report on Friday, January 17th. Wells Fargo & Company cut their price target on KB Home from $65.00 to $63.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. The Goldman Sachs Group decreased their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, UBS Group cut their price target on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. 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's stock. According to data from MarketBeat, KB Home has an average rating of "Hold" and an average target price of $75.21.

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.