Intech Investment Management LLC Buys 8,413 Shares of KB Home (NYSE:KBH)

Intech Investment Management LLC increased its stake in KB Home (NYSE:KBH - Free Report) by 16.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,100 shares of the construction company's stock after acquiring an additional 8,413 shares during the quarter. Intech Investment Management LLC owned approximately 0.08% of KB Home worth $3,950,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Counterpoint Mutual Funds LLC purchased a new stake in KB Home during the fourth quarter valued at about $640,000. Cibc World Markets Corp acquired a new position in KB Home in the 4th quarter worth approximately $400,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in KB Home during the 4th quarter worth approximately $979,000. Sequoia Financial Advisors LLC raised its stake in KB Home by 37.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,056 shares of the construction company's stock valued at $661,000 after purchasing an additional 2,737 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KB Home by 8.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,136 shares of the construction company's stock valued at $1,652,000 after purchasing an additional 1,983 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated 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 approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.89% of the company's stock.

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Wall Street Analysts Forecast Growth

KBH has been the topic of a number of research analyst reports. UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Raymond James reiterated an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. The Goldman Sachs Group decreased their price target on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Royal Bank of Canada raised shares of KB Home from an "underperform" rating to a "sector perform" rating and lowered their price objective for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Barclays cut their target price on shares of KB Home from $85.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $75.21.

KB Home Stock Up 3.4 %

Shares of NYSE KBH traded up $2.03 during mid-day trading on Monday, reaching $61.78. 2,681,869 shares of the company traded hands, compared to its average volume of 1,219,707. The company's fifty day moving average is $64.22 and its two-hundred day moving average is $73.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a fifty-two week low of $54.57 and a fifty-two week high of $89.70. The stock has a market cap of $4.41 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly 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). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $1.76 EPS. The company's revenue for the quarter was down 5.2% on a year-over-year basis. On average, analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.62%. KB Home's dividend payout ratio (DPR) is presently 11.81%.

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.