Barclays PLC Acquires 60,801 Shares of KB Home (NYSE:KBH)

Barclays PLC lifted its stake in shares of KB Home (NYSE:KBH - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 257,030 shares of the construction company's stock after acquiring an additional 60,801 shares during the period. Barclays PLC owned 0.36% of KB Home worth $16,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its position in shares of KB Home by 2.4% during the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock worth $157,529,000 after purchasing an additional 56,142 shares during the period. Fisher Asset Management LLC increased its stake in KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after purchasing an additional 75,143 shares in the last quarter. LSV Asset Management increased its stake in KB Home by 3.0% during the 4th quarter. LSV Asset Management now owns 1,137,900 shares of the construction company's stock valued at $74,783,000 after purchasing an additional 33,500 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in KB Home by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 756,810 shares of the construction company's stock worth $49,738,000 after buying an additional 15,867 shares during the last quarter. Finally, Norges Bank bought a new position in shares of KB Home in the fourth quarter valued at $49,638,000. 96.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KBH shares. Wells Fargo & Company lowered their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Wedbush reissued a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. Bank of America cut their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Raymond James reiterated an "outperform" rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $71.04.

KB Home Stock Performance

NYSE KBH traded down $0.20 during trading hours on Wednesday, reaching $53.46. 1,224,111 shares of the company were exchanged, compared to its average volume of 1,317,537. The stock has a market capitalization of $3.83 billion, a P/E ratio of 6.31, a P/E/G ratio of 0.90 and a beta of 1.65. 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 1 year low of $48.90 and a 1 year high of $89.70. The business's 50 day simple moving average is $58.50 and its 200-day simple moving average is $68.32.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 earnings per share. On average, equities research 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 will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.87%. KB Home's payout ratio is presently 12.20%.

Insider Activity

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 value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.89% of the company's stock.

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.