Bridgewater Associates LP Grows Stake in KB Home (NYSE:KBH)

Bridgewater Associates LP grew its holdings in KB Home (NYSE:KBH - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 155,418 shares of the construction company's stock after buying an additional 25,490 shares during the quarter. Bridgewater Associates LP owned approximately 0.22% of KB Home worth $10,214,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KBH. MML Investors Services LLC purchased a new stake in KB Home in the third quarter worth about $464,000. Barclays PLC lifted its position in KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after buying an additional 38,638 shares during the period. Coldstream Capital Management Inc. purchased a new stake in shares of KB Home in the 3rd quarter worth about $208,000. Virtu Financial LLC boosted its stake in KB Home by 97.6% during the third quarter. Virtu Financial LLC now owns 7,960 shares of the construction company's stock worth $682,000 after acquiring an additional 3,931 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in KB Home by 5.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,080 shares of the construction company's stock valued at $880,000 after buying an additional 545 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.89% of the company's stock.

KB Home Price Performance

KB Home stock traded up $1.80 during midday trading on Tuesday, reaching $52.87. 214,880 shares of the stock traded hands, compared to its average volume of 1,312,702. The stock has a market cap of $3.79 billion, a P/E ratio of 6.23, a PEG ratio of 0.90 and a beta of 1.65. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average is $58.71 and its 200-day moving average is $68.43.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. As a group, equities research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. KB Home's payout ratio is 12.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada dropped their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Raymond James reiterated an "outperform" rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $71.04.

KB Home 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.