KB Home (NYSE:KBH) Position Decreased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lowered its holdings in KB Home (NYSE:KBH - Free Report) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,691 shares of the construction company's stock after selling 28,014 shares during the period. Donald Smith & CO. Inc. owned approximately 0.31% of KB Home worth $16,260,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd lifted its position in KB Home by 754.7% during the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock worth $14,512,000 after acquiring an additional 182,595 shares in the last quarter. Vest Financial LLC lifted its position in shares of KB Home by 26.9% during the second quarter. Vest Financial LLC now owns 15,804 shares of the construction company's stock worth $1,109,000 after purchasing an additional 3,347 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of KB Home in the second quarter valued at $214,000. American Century Companies Inc. boosted its stake in shares of KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after purchasing an additional 147,326 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in KB Home during the 2nd quarter valued at $479,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of analyst reports. Royal Bank of Canada cut shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. Keefe, Bruyette & Woods increased their price target on KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a report on Thursday, June 20th. Wells Fargo & Company raised their price objective on KB Home from $70.00 to $80.00 and gave the company an "equal weight" rating in a research note on Monday, September 9th. Wedbush reaffirmed a "neutral" rating and issued a $67.00 target price on shares of KB Home in a research report on Thursday. Finally, The Goldman Sachs Group increased their target price on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, KB Home currently has a consensus rating of "Hold" and a consensus target price of $73.71.

KB Home Trading Up 0.4 %

KBH traded up $0.37 during trading hours on Monday, hitting $86.41. The company's stock had a trading volume of 1,061,587 shares, compared to its average volume of 1,254,219. The company has a 50-day simple moving average of $80.23 and a 200 day simple moving average of $72.42. The firm has a market capitalization of $6.50 billion, a PE ratio of 11.43, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $88.31.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.37. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. Research analysts expect that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, August 8th. 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.