Harbor Capital Advisors Inc. Purchases 258 Shares of KB Home (NYSE:KBH)

Harbor Capital Advisors Inc. boosted its holdings in shares of KB Home (NYSE:KBH) by 73.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 608 shares of the construction company’s stock after buying an additional 258 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in KB Home were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in KB Home by 31.4% during the fourth quarter. Van ECK Associates Corp now owns 57,954 shares of the construction company’s stock worth $3,809,000 after acquiring an additional 13,837 shares during the last quarter. Blue Trust Inc. lifted its stake in KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after purchasing an additional 194 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of KB Home during the fourth quarter valued at about $1,427,000. Finally, GHE LLC grew its holdings in shares of KB Home by 6.8% during the fourth quarter. GHE LLC now owns 32,239 shares of the construction company’s stock worth $2,119,000 after purchasing an additional 2,042 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the sale, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barclays reduced their price objective on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Wall Street Zen lowered shares of KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Bank of America lowered their price objective on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on KB Home from $55.00 to $53.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 3rd. Finally, UBS Group dropped their price target on shares of KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $71.05.

KB Home Stock Performance

Shares of KB Home stock opened at $52.96 on Tuesday. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The firm has a market capitalization of $3.80 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.90 and a beta of 1.35. The business has a fifty day simple moving average of $52.96 and a two-hundred day simple moving average of $60.86. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

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

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, May 8th. KB Home’s dividend payout ratio is currently 12.20%.

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.