KB Home (NYSE:KBH) Holdings Raised by Invesco Ltd.

Invesco Ltd. increased its stake in KB Home (NYSE:KBH - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,396,967 shares of the construction company's stock after buying an additional 56,142 shares during the quarter. Invesco Ltd. owned about 3.32% of KB Home worth $157,529,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KBH. Jones Financial Companies Lllp grew its position in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares during the period. Versant Capital Management Inc grew its holdings in KB Home by 275.7% during the 4th 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 in the last quarter. Amundi increased its stake in KB Home by 29.6% during the 4th 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, Wilmington Savings Fund Society FSB acquired a new position in KB Home in the 3rd quarter worth $59,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly 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 document filed with the SEC, which is available at this hyperlink. Insiders own 3.89% of the company's stock.

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KB Home Stock Performance

Shares of NYSE:KBH traded up $0.06 on Tuesday, reaching $51.08. 1,328,543 shares of the company's stock were exchanged, compared to its average volume of 1,313,477. The business's 50-day moving average is $59.73 and its two-hundred day moving average is $69.45. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $1.76 EPS. KB Home's revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is 12.20%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group dropped their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Evercore ISI upped 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, January 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $71.04.

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.