AQR Capital Management LLC Cuts Stake in KB Home (NYSE:KBH)

AQR Capital Management LLC trimmed its position in shares of KB Home (NYSE:KBH - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 436,064 shares of the construction company's stock after selling 59,655 shares during the period. AQR Capital Management LLC owned 0.60% of KB Home worth $28,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of 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 purchasing an additional 214 shares during the period. Principal Securities Inc. raised its stake in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after buying an additional 179 shares during the period. Versant Capital Management Inc lifted its position in shares of KB Home by 275.7% in the fourth 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 last quarter. Amundi boosted its stake in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home during the 3rd quarter worth approximately $59,000. 96.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wedbush reaffirmed a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Barclays lowered their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Royal Bank of Canada reduced their price objective 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. Finally, The Goldman Sachs Group lowered their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.04.

KB Home Stock Up 1.6 %

Shares of KB Home stock traded up $0.85 during trading on Thursday, reaching $54.31. 1,104,037 shares of the company traded hands, compared to its average volume of 1,324,440. The firm has a market capitalization of $3.90 billion, a PE ratio of 6.41, a P/E/G ratio of 0.90 and a beta of 1.45. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The company has a 50 day moving average price of $56.60 and a 200-day moving average price of $66.30. 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 - Get Free Report) last issued its quarterly earnings data 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 last year, the business posted $1.76 earnings per share. KB Home's revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.84%. KB Home's dividend payout ratio (DPR) is 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.