KB Home (NYSE:KBH) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in KB Home (NYSE:KBH) by 131.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,822 shares of the construction company’s stock after acquiring an additional 6,155 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in KB Home were worth $679,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new stake in KB Home in the 2nd quarter valued at $26,000. Fifth Third Bancorp grew its stake in KB Home by 40.9% in the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares during the period. Whittier Trust Co. acquired a new stake in KB Home in the 4th quarter valued at $62,000. Lazard Asset Management LLC acquired a new stake in KB Home in the 1st quarter valued at $40,000. Finally, Acadian Asset Management LLC grew its stake in KB Home by 35.5% in the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock valued at $69,000 after acquiring an additional 568 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. UBS Group lifted their target price on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Royal Bank of Canada lifted their target price on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 21st. Evercore ISI lowered their target price on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group lifted their target price on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.11.

Insider Transactions at KB Home

In other news, Director Arthur Reginald Collins sold 5,500 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $60.12, for a total transaction of $330,660.00. Following the sale, the director now owns 9,098 shares of the company’s stock, valued at $546,971.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Arthur Reginald Collins sold 5,500 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $60.12, for a total transaction of $330,660.00. Following the sale, the director now owns 9,098 shares of the company’s stock, valued at $546,971.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian J. Woram sold 83,272 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the sale, the executive vice president now directly owns 156,119 shares in the company, valued at approximately $9,449,883.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,021 shares of company stock valued at $24,954,977. 3.52% of the stock is currently owned by corporate insiders.

KB Home Trading Down 1.6 %

Shares of KBH stock opened at $63.10 on Tuesday. The company’s 50-day moving average price is $65.86 and its 200-day moving average price is $58.28. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.72 and a beta of 1.73. KB Home has a twelve month low of $39.38 and a twelve month high of $72.00.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.19. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. KB Home’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. As a group, equities research analysts predict that KB Home will post 8.01 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. KB Home’s dividend payout ratio is presently 10.88%.

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.