9,935 Shares in KB Home (NYSE:KBH) Bought by Davis Investment Partners LLC

Davis Investment Partners LLC purchased a new stake in shares of KB Home (NYSE:KBH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,935 shares of the construction company's stock, valued at approximately $577,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of KB Home by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock valued at $157,529,000 after acquiring an additional 56,142 shares during the last quarter. Fisher Asset Management LLC lifted its position in KB Home by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after buying an additional 75,143 shares during the last quarter. First Trust Advisors LP lifted its position in KB Home by 61.2% in the fourth quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock valued at $87,264,000 after buying an additional 503,895 shares during the last quarter. LSV Asset Management lifted its position in KB Home by 3.0% in the fourth quarter. LSV Asset Management now owns 1,137,900 shares of the construction company's stock valued at $74,783,000 after buying an additional 33,500 shares during the last quarter. Finally, Northern Trust Corp lifted its position in KB Home by 7.3% in the fourth quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock valued at $72,377,000 after buying an additional 75,206 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company decreased their target price 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, June 3rd. Wedbush reaffirmed a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada decreased their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, KB Home currently has an average rating of "Hold" and a consensus target price of $71.05.

Insider Activity at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 10,262 shares of the company's stock, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

KB Home Trading Down 2.6%

NYSE:KBH traded down $1.41 on Friday, reaching $52.36. 1,055,419 shares of the company's stock were exchanged, compared to its average volume of 1,307,564. 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 firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. The business has a fifty day moving average of $52.94 and a 200-day moving average of $61.22. KB Home has a 52-week low of $48.90 and a 52-week 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 return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The firm's quarterly revenue was down 5.2% on a year-over-year basis. As a group, analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, May 8th. KB Home's dividend payout ratio (DPR) is 12.20%.

KB Home Company 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.