International Assets Investment Management LLC Acquires Shares of 11,742 KB Home (NYSE:KBH)

International Assets Investment Management LLC acquired a new stake in shares of KB Home (NYSE:KBH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,742 shares of the construction company’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBH. AQR Capital Management LLC lifted its holdings in shares of KB Home by 93.9% during the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock valued at $116,942,000 after acquiring an additional 1,223,612 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of KB Home by 225.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock valued at $41,435,000 after buying an additional 620,238 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of KB Home by 246.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 501,100 shares of the construction company’s stock valued at $23,191,000 after buying an additional 356,600 shares during the last quarter. Invesco Ltd. raised its holdings in shares of KB Home by 26.1% in the third quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock valued at $71,590,000 after buying an additional 320,554 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of KB Home by 32.3% in the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock valued at $57,927,000 after buying an additional 305,820 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Trading Down 1.2 %

KB Home stock opened at $64.79 on Thursday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 8.81, a PEG ratio of 0.71 and a beta of 1.73. KB Home has a 1 year low of $40.97 and a 1 year high of $72.00. The business has a 50-day moving average of $66.08 and a 200-day moving average of $59.04.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. Research analysts anticipate that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.25 per share. This is a positive change from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, May 8th. KB Home’s payout ratio is presently 10.88%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Arthur Reginald Collins sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the completion of the transaction, the director now directly owns 9,098 shares in the company, valued at approximately $546,971.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,629 shares of company stock worth $11,271,218. 3.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KBH shares. The Goldman Sachs Group lifted their price target on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their price target on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Wells Fargo & Company lifted their price target on KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Wedbush lifted their price objective on KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on KB Home from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $66.11.

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.