Janus Henderson Group PLC Has $5.98 Million Position in KB Home (NYSE:KBH)

Janus Henderson Group PLC grew its holdings in KB Home (NYSE:KBH - Free Report) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,843 shares of the construction company's stock after acquiring an additional 13,296 shares during the period. Janus Henderson Group PLC owned 0.10% of KB Home worth $5,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KBH. Cetera Investment Advisers bought a new stake in shares of KB Home in the 1st quarter worth about $1,588,000. CWM LLC increased its stake in shares of KB Home by 26.6% in the second quarter. CWM LLC now owns 1,792 shares of the construction company's stock worth $126,000 after acquiring an additional 377 shares during the period. SG Americas Securities LLC increased its stake in shares of KB Home by 29.2% in the second quarter. SG Americas Securities LLC now owns 54,692 shares of the construction company's stock worth $3,838,000 after acquiring an additional 12,350 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of KB Home in the second quarter worth $1,690,000. Finally, Diversified Trust Co boosted its holdings in KB Home by 8.3% during the second quarter. Diversified Trust Co now owns 10,346 shares of the construction company's stock worth $726,000 after buying an additional 790 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Down 2.8 %

KBH stock traded down $2.23 during mid-day trading on Tuesday, reaching $77.24. The company had a trading volume of 836,262 shares, compared to its average volume of 1,199,806. The stock has a market capitalization of $5.66 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.62 and a beta of 1.81. KB Home has a one year low of $54.94 and a one year high of $89.70. The stock's 50-day simple moving average is $80.59 and its two-hundred day simple moving average is $78.39.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. KB Home's revenue was up 10.3% on a year-over-year basis. On average, research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. KB Home's dividend payout ratio is 12.82%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KBH. Royal Bank of Canada downgraded shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective on the stock. in a report on Thursday, September 5th. Barclays raised their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Bank of America lifted their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lowered shares of KB Home from an "equal weight" rating to an "underweight" rating and raised their price objective for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $80.13.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,737,156.20. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.52% of the stock is owned by corporate 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.