KB Home (NYSE:KBH) Position Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of KB Home (NYSE:KBH) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,100 shares of the construction company’s stock after purchasing an additional 8,413 shares during the period. Intech Investment Management LLC owned 0.08% of KB Home worth $3,950,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. increased its holdings 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 valued at $39,000 after buying an additional 179 shares in the last quarter. Versant Capital Management Inc increased its holdings 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 valued at $50,000 after buying an additional 557 shares in the last quarter. Amundi increased its holdings in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter valued at $59,000. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KBH. Barclays dropped their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Wells Fargo & Company lowered their price objective on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.21.

KB Home Trading Up 2.1 %

KB Home stock opened at $61.52 on Thursday. The company’s fifty day simple moving average is $64.37 and its 200-day simple moving average is $73.43. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a 12 month low of $59.00 and a 12 month high of $89.70. The stock has a market cap of $4.40 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 earnings per share. As a group, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on 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 owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.44% of the company’s stock.

KB Home Company 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.