Prudential Financial Inc. Has $11.10 Million Position in KB Home (NYSE:KBH)

Prudential Financial Inc. raised its holdings in shares of KB Home (NYSE:KBH - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,917 shares of the construction company's stock after acquiring an additional 31,774 shares during the quarter. Prudential Financial Inc. owned approximately 0.23% of KB Home worth $11,101,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. grew its holdings in shares of KB Home by 43.6% during the 4th 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. Versant Capital Management Inc increased its stake in shares of KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after acquiring an additional 557 shares during the last quarter. Amundi raised its holdings in shares of KB Home by 29.6% during the fourth 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, Wilmington Savings Fund Society FSB acquired a new stake in KB Home during the third quarter valued at $59,000. Institutional investors and hedge funds own 96.09% of the company's stock.

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Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home 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 completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.89% of the stock is owned by corporate insiders.

KB Home Price Performance

Shares of NYSE:KBH traded down $0.26 during midday trading on Wednesday, reaching $58.11. 157,262 shares of the company's stock were exchanged, compared to its average volume of 1,509,396. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company's 50 day simple moving average is $63.06 and its two-hundred day simple moving average is $71.99. KB Home has a 12 month low of $56.41 and a 12 month high of $89.70. The firm has a market capitalization of $4.15 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued 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 1.72%. KB Home's payout ratio is presently 12.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KBH. Keefe, Bruyette & Woods lowered their price target 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. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group decreased their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Bank of America cut their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Barclays reduced their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, KB Home presently has an average rating of "Hold" and an average price target of $71.21.

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.