KB Home (NYSE:KBH) Stake Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of KB Home (NYSE:KBH - Free Report) by 208.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,791 shares of the construction company's stock after buying an additional 9,318 shares during the quarter. Tower Research Capital LLC TRC's holdings in KB Home were worth $906,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its position in KB Home by 65.6% during the 4th 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. boosted its position in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after buying an additional 179 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of KB Home during the 3rd quarter valued at about $59,000. Versant Capital Management Inc lifted its position in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after acquiring an additional 557 shares in the last quarter. Finally, Amundi lifted its position in KB Home by 29.6% during the 4th 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. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Stock Performance

Shares of NYSE KBH traded down $0.68 during midday trading on Tuesday, hitting $53.24. The company's stock had a trading volume of 2,124,205 shares, compared to its average volume of 1,325,001. The firm has a market cap of $3.82 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.90 and a beta of 1.65. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The firm's fifty day moving average price is $57.70 and its 200-day moving average price is $67.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.51 billion. During the same period last year, the company posted $1.76 earnings per share. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is 12.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KBH shares. Wells Fargo & Company reduced their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. The Goldman Sachs Group lowered their target price 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. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KB Home currently has an average rating of "Hold" and an average price target of $71.04.

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.