Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in KB Home (NYSE:KBH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 151,629 shares of the construction company's stock, valued at approximately $9,965,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of KB Home as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KBH. Jones Financial Companies Lllp boosted its position in shares of KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after buying an additional 214 shares during the last quarter. Principal Securities Inc. grew its stake in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after acquiring an additional 179 shares during the period. Amundi raised its holdings in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of KB Home by 1,409.1% during the 4th quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock valued at $65,000 after buying an additional 930 shares during the period. Finally, Quarry LP lifted its holdings in shares of KB Home by 4,540.9% during the 4th quarter. Quarry LP now owns 1,021 shares of the construction company's stock valued at $67,000 after buying an additional 999 shares during the period. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Price Performance

Shares of KBH traded up $0.96 during mid-day trading on Wednesday, reaching $52.75. The stock had a trading volume of 220,697 shares, compared to its average volume of 1,299,345. The business has a fifty day moving average of $53.51 and a 200 day moving average of $62.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.90 and a beta of 1.45. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the firm posted $1.76 EPS. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. Equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

KBH has been the topic of a number of recent research reports. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. UBS Group reduced 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. The Goldman Sachs Group dropped their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Keefe, Bruyette & Woods cut their target price on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company decreased their price target on shares of KB Home from $55.00 to $53.00 and set an "underweight" rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, KB Home currently has an average rating of "Hold" and a consensus target price of $71.05.

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.