KB Home (NYSE:KBH) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in KB Home (NYSE:KBH) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,281,315 shares of the construction company’s stock after buying an additional 75,143 shares during the period. Fisher Asset Management LLC’s holdings in KB Home were worth $149,928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares in the last quarter. Holocene Advisors LP purchased a new position in KB Home in the 3rd quarter worth approximately $89,899,000. Hennessy Advisors Inc. purchased a new position in KB Home in the 4th quarter worth approximately $44,118,000. Charles Schwab Investment Management Inc. lifted its stake in KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in KB Home by 201.8% in the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after purchasing an additional 144,854 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KBH has been the topic of a number of research reports. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Evercore ISI raised their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Wells Fargo & Company decreased their target price on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target 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. Finally, Bank of America reduced their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.21.

KB Home Stock Down 0.2 %

KB Home stock opened at $60.89 on Friday. KB Home has a fifty-two week low of $59.89 and a fifty-two week high of $89.70. 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 firm has a 50 day moving average price of $65.38 and a 200 day moving average price of $75.29. The company has a market capitalization of $4.39 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm earned $1.85 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.64%. KB Home’s dividend payout ratio (DPR) 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 value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.44% of the company’s stock.

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.