Grantham Mayo Van Otterloo & Co. LLC Purchases 3,239 Shares of KB Home (NYSE:KBH)

Grantham Mayo Van Otterloo & Co. LLC increased its stake in KB Home (NYSE:KBH) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,324 shares of the construction company’s stock after acquiring an additional 3,239 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in KB Home were worth $4,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Principal Securities Inc. increased its stake in KB Home by 43.6% in the 4th 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 bought a new stake in KB Home during the 3rd quarter valued at about $59,000. Versant Capital Management Inc boosted its position in KB Home by 275.7% in the 4th 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 during the period. Finally, Amundi grew its stake in KB Home by 29.6% in 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. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Up 3.6 %

Shares of KBH stock opened at $57.61 on Monday. The stock’s fifty day moving average price is $62.45 and its 200 day moving average price is $71.37. KB Home has a 1-year low of $54.02 and a 1-year high of $89.70. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. On average, research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. KB Home’s dividend payout ratio is currently 12.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KBH shares. Royal Bank of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Raymond James reiterated an “outperform” rating and set a $80.00 target price (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Wells Fargo & Company cut their target price on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KB Home currently has a consensus rating of “Hold” and a consensus price target of $71.21.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was 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. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.