LSV Asset Management Raises Stock Holdings in KB Home (NYSE:KBH)

LSV Asset Management boosted its stake in KB Home (NYSE:KBH - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,137,900 shares of the construction company's stock after buying an additional 33,500 shares during the quarter. LSV Asset Management owned approximately 1.58% of KB Home worth $74,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. raised its holdings in KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares during the period. Principal Securities Inc. raised its holdings in 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 acquiring an additional 179 shares in the last quarter. Blue Trust Inc. raised its stake in shares of KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after purchasing an additional 194 shares in the last quarter. Amundi grew its position in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after buying an additional 214 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have weighed in on KBH shares. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. UBS Group decreased their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Evercore ISI increased their target price on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, KB Home presently has an average rating of "Hold" and a consensus price target of $71.04.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were 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 owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.89% of the company's stock.

KB Home Trading Down 0.9 %

KB Home stock traded down $0.44 during mid-day trading on Wednesday, hitting $50.60. The company's stock had a trading volume of 394,410 shares, compared to its average volume of 1,309,995. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The business has a 50 day moving average price of $59.73 and a 200-day moving average price of $69.45. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.

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

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

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.