New Age Alpha Advisors LLC Makes New $350,000 Investment in KB Home (NYSE:KBH)

New Age Alpha Advisors LLC acquired a new stake in KB Home (NYSE:KBH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,333 shares of the construction company's stock, valued at approximately $350,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock worth $303,285,000 after buying an additional 45,311 shares in the last quarter. Fisher Asset Management LLC raised its holdings in KB Home by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after acquiring an additional 75,143 shares in the last quarter. Geode Capital Management LLC lifted its stake in KB Home by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock worth $166,125,000 after acquiring an additional 16,593 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in KB Home by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 756,810 shares of the construction company's stock worth $49,738,000 after acquiring an additional 15,867 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of KB Home in the 4th quarter valued at approximately $49,638,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.89% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on KBH shares. JPMorgan Chase & Co. lowered 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. Wedbush reissued a "neutral" rating and set a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their target price on 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. The Goldman Sachs Group dropped their price target on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Royal Bank of Canada reduced their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research report on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $71.21.

KB Home Stock Performance

NYSE:KBH traded up $2.00 during trading hours on Friday, reaching $57.61. 1,784,974 shares of the company's stock were exchanged, compared to its average volume of 1,287,460. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.90 and a beta of 1.65. KB Home has a 1-year low of $54.02 and a 1-year high of $89.70. The company has a 50-day moving average of $62.45 and a 200 day moving average of $71.37.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $1.76 EPS. The company's revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given 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 yield of 1.74%. KB Home's payout ratio is currently 12.20%.

KB Home Company 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.