Assenagon Asset Management S.A. Acquires 31,288 Shares of KB Home (NYSE:KBH)

Assenagon Asset Management S.A. boosted its stake in shares of KB Home (NYSE:KBH - Free Report) by 112.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,131 shares of the construction company's stock after buying an additional 31,288 shares during the period. Assenagon Asset Management S.A. owned approximately 0.08% of KB Home worth $3,437,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Xponance Inc. increased its holdings in shares of KB Home by 1.7% during the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after acquiring an additional 163 shares in the last quarter. Principal Securities Inc. grew its position in KB Home by 43.6% during 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 during the last quarter. Blue Trust Inc. increased its stake in KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after purchasing an additional 194 shares in the last quarter. Amundi increased its stake in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in KB Home by 0.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock worth $2,433,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Wells Fargo & Company cut their target price on KB Home from $55.00 to $53.00 and set an "underweight" rating on the stock in a research note on Tuesday, June 3rd. Barclays decreased their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. 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. Finally, Royal Bank Of Canada decreased their target price on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $71.05.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of KB Home stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.89% of the stock is currently owned by corporate insiders.

KB Home Stock Performance

Shares of NYSE:KBH traded down $2.40 during trading on Tuesday, hitting $50.59. The company's stock had a trading volume of 1,709,748 shares, compared to its average volume of 1,308,346. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.01 and a quick ratio of 0.56. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 6.46, a P/E/G ratio of 2.40 and a beta of 1.35. The company has a 50-day moving average of $52.96 and a 200-day moving average of $60.86. 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 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). KB Home had a return on equity of 15.52% and a net margin of 9.13%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The firm's revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.98%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

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.