Universal Beteiligungs und Servicegesellschaft mbH Takes $9.97 Million Position 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 disclosure with the Securities and Exchange Commission. The fund purchased 151,629 shares of the construction company's stock, valued at approximately $9,965,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.21% of KB Home at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in KB Home by 65.6% during the 4th 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. raised its stake in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Amundi boosted 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 worth $58,000 after purchasing an additional 201 shares during the period. Headlands Technologies LLC increased its holdings in 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 purchasing an additional 930 shares during the period. Finally, Quarry LP raised its position in 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 purchasing an additional 999 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Up 2.5%

Shares of KBH traded up $1.28 on Wednesday, hitting $53.07. 850,550 shares of the stock traded hands, compared to its average volume of 1,302,270. KB Home has a one year low of $48.90 and a one year high of $89.70. The company has a market capitalization of $3.81 billion, a PE ratio of 6.27, a P/E/G ratio of 0.90 and a beta of 1.45. The business has a 50 day simple moving average of $53.41 and a 200 day simple moving average of $62.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

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

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. KB Home's payout ratio is 12.20%.

Insider Activity at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the sale, the director now owns 10,262 shares of the company's stock, valued at $558,047.56. The trade was a 32.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group dropped their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Wall Street Zen cut shares of KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.