186,981 Shares in KB Home (NYSE:KBH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 186,981 shares of the construction company's stock, valued at approximately $12,288,000. Raymond James Financial Inc. owned 0.26% of KB Home at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KBH. Atria Investments Inc grew its position in shares of KB Home by 19.9% during the 3rd quarter. Atria Investments Inc now owns 7,610 shares of the construction company's stock valued at $652,000 after purchasing an additional 1,262 shares in the last quarter. Natixis Advisors LLC grew its position in shares of KB Home by 11.0% during the 3rd quarter. Natixis Advisors LLC now owns 29,868 shares of the construction company's stock valued at $2,559,000 after purchasing an additional 2,960 shares in the last quarter. Quest Partners LLC grew its position in shares of KB Home by 101,600.0% during the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company's stock valued at $87,000 after purchasing an additional 1,016 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of KB Home by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company's stock valued at $1,759,000 after purchasing an additional 263 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in shares of KB Home during the 3rd quarter valued at $61,000. Institutional investors own 96.09% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on KBH. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $85.00 to $76.00 and set a "market perform" rating for the company in a research report on Friday, January 17th. UBS Group reduced their price target on shares of KB Home from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Bank of America cut their target price on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $75.21.

KB Home Trading Down 2.7 %

KB Home stock traded down $1.67 during mid-day trading on Friday, hitting $59.61. The company's stock had a trading volume of 4,457,460 shares, compared to its average volume of 1,213,637. 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 stock has a market cap of $4.26 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business has a 50 day moving average price of $64.22 and a 200-day moving average price of $73.12. KB Home has a 12 month low of $58.80 and a 12 month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is 11.81%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the company'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 completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.89% of the company's stock.

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.