KB Home (NYSE:KBH) Short Interest Up 7.2% in August

KB Home (NYSE:KBH - Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 5,970,000 shares, a growth of 7.2% from the July 31st total of 5,570,000 shares. Currently, 8.2% of the company's shares are sold short. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is presently 4.4 days.

Hedge Funds Weigh In On KB Home

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of KB Home during the fourth quarter valued at about $733,000. Van ECK Associates Corp boosted its holdings in KB Home by 32.8% in the fourth quarter. Van ECK Associates Corp now owns 20,207 shares of the construction company's stock valued at $1,262,000 after purchasing an additional 4,990 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of KB Home by 55.2% in the 4th quarter. Victory Capital Management Inc. now owns 70,746 shares of the construction company's stock valued at $4,419,000 after buying an additional 25,161 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in shares of KB Home in the fourth quarter worth about $276,000. Finally, Natixis Advisors L.P. grew its holdings in KB Home by 1.7% during the fourth quarter. Natixis Advisors L.P. now owns 25,453 shares of the construction company's stock worth $1,589,000 after acquiring an additional 419 shares during the period. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KBH. Wedbush lifted their target price on KB Home from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, June 20th. Evercore ISI lifted their target price on KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods lifted their target price on KB Home from $74.00 to $77.00 and gave the stock a "market perform" rating in a research report on Thursday, June 20th. Royal Bank of Canada lifted their target price on KB Home from $69.00 to $70.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 20th. Finally, Zelman & Associates reiterated an "underperform" rating and set a $69.00 target price on shares of KB Home in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.88.

KB Home Stock Up 0.3 %

Shares of KBH stock traded up $0.29 on Monday, hitting $83.71. The stock had a trading volume of 1,009,500 shares, compared to its average volume of 1,272,328. The business has a 50 day moving average price of $77.65 and a 200 day moving average price of $71.12. The company has a market cap of $6.30 billion, a PE ratio of 11.07, a P/E/G ratio of 0.84 and a beta of 1.80. KB Home has a one year low of $42.11 and a one year high of $88.31.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.37. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. Equities research analysts expect that KB Home will post 8.38 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. KB Home's dividend payout ratio is presently 13.23%.

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.