JPMorgan Chase & Co. Has $47.83 Million Stock Position in KB Home (NYSE:KBH)

JPMorgan Chase & Co. lifted its stake in shares of KB Home (NYSE:KBH - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 727,809 shares of the construction company's stock after purchasing an additional 142,913 shares during the quarter. JPMorgan Chase & Co. owned about 1.01% of KB Home worth $47,832,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KBH. Jones Financial Companies Lllp boosted its stake in shares of KB Home by 65.6% during 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 during the last quarter. Principal Securities Inc. raised its holdings in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after buying an additional 179 shares during the period. Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 557 shares during the period. Amundi grew its stake in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KB Home during the 3rd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

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Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. UBS Group lowered their price objective on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Royal Bank of Canada lowered their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group lowered 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, Wells Fargo & Company reduced their price target on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $71.21.

KB Home Stock Down 2.4 %

NYSE:KBH traded down $1.30 during trading hours on Thursday, hitting $52.74. 117,311 shares of the company's stock traded hands, compared to its average volume of 1,294,300. The firm has a market cap of $3.77 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.90 and a beta of 1.65. KB Home has a twelve month low of $49.75 and a twelve month high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The stock's fifty day moving average price is $60.96 and its two-hundred day moving average price is $70.39.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The business's revenue for the quarter was down 5.2% on a year-over-year basis. On average, research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, February 6th. KB Home's dividend payout ratio is 12.20%.

About KB Home

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.