Dimensional Fund Advisors LP grew its holdings in shares of KB Home (NYSE:KBH – Get Rating) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,900,486 shares of the construction company’s stock after acquiring an additional 3,894 shares during the quarter. Dimensional Fund Advisors LP owned 3.45% of KB Home worth $92,382,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of KB Home by 1.4% during the first quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock worth $258,098,000 after acquiring an additional 108,191 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of KB Home by 0.5% during the third quarter. Macquarie Group Ltd. now owns 4,002,669 shares of the construction company’s stock worth $103,794,000 after acquiring an additional 21,677 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of KB Home by 4.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,833,760 shares of the construction company’s stock worth $90,255,000 after acquiring an additional 119,612 shares in the last quarter. State Street Corp raised its stake in shares of KB Home by 5.4% during the first quarter. State Street Corp now owns 2,740,695 shares of the construction company’s stock worth $88,744,000 after acquiring an additional 139,643 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of KB Home by 125.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after acquiring an additional 1,156,233 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on KBH shares. Barclays lifted their price target on shares of KB Home from $42.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, March 24th. StockNews.com assumed coverage on shares of KB Home in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods lifted their target price on shares of KB Home from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 28th. UBS Group lifted their target price on shares of KB Home from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, March 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $42.00 target price on shares of KB Home in a research note on Monday, March 20th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.29.
Insider Activity
KB Home Stock Down 1.7 %
NYSE:KBH opened at $44.18 on Tuesday. The stock has a market cap of $3.64 billion, a P/E ratio of 4.85, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. The firm’s fifty day simple moving average is $41.17 and its 200 day simple moving average is $36.36. KB Home has a twelve month low of $24.78 and a twelve month high of $46.91.
KB Home (NYSE:KBH – Get Rating) last announced its earnings results on Wednesday, March 22nd. The construction company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.40. KB Home had a net margin of 11.73% and a return on equity of 22.86%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts expect that KB Home will post 5.27 EPS for the current fiscal year.
KB Home Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Thursday, May 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Wednesday, May 3rd. KB Home’s dividend payout ratio (DPR) is presently 6.59%.
KB Home declared that its Board of Directors has initiated a share buyback program on Wednesday, March 22nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 15.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
About KB Home
KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.
Read More
- Get a free copy of the StockNews.com research report on KB Home (KBH)
- monday.com Surges on Price and Volume after Blowout Results
- Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show
- All Aboard! The Sell-Side Has Railroads In Reversal
- Is There Value Left in Lyft Stock?
- Everything About ZIM Integrated Screams Undervaluation
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.
