KB Home (NYSE:KBH) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of KB Home (NYSE:KBH - Free Report) by 112.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,131 shares of the construction company's stock after buying an additional 31,288 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of KB Home worth $3,437,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KBH. Harbor Capital Advisors Inc. boosted its holdings in shares of KB Home by 73.7% in the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after acquiring an additional 258 shares in the last quarter. Jones Financial Companies Lllp lifted its position in KB Home by 65.6% in the fourth 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. boosted its holdings in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares in the last quarter. UMB Bank n.a. increased its position in KB Home by 1,256.9% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the construction company's stock worth $57,000 after purchasing an additional 905 shares during the period. Finally, Amundi increased its position in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

Insiders Place Their Bets

In related 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 transaction, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group reduced their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. The Goldman Sachs Group reduced their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wedbush reaffirmed a "neutral" rating and set a $75.00 price target on shares of KB Home in a research note on Tuesday, March 25th. Wall Street Zen downgraded shares of KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Finally, Royal Bank Of Canada decreased their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 25th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $71.05.

KB Home Price Performance

Shares of KB Home stock traded up $0.05 during trading on Thursday, hitting $50.66. 2,067,278 shares of the company were exchanged, compared to its average volume of 1,302,449. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a quick ratio of 0.56, a current ratio of 6.01 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $52.82 and a 200 day moving average price of $60.72. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 6.18, a P/E/G ratio of 3.78 and a beta of 1.35.

KB Home (NYSE:KBH - Get Free Report) last released 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). The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 15.52% and a net margin of 9.13%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 EPS. On average, equities 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 declared 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. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. KB Home's dividend payout ratio is currently 12.20%.

About KB Home

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.