KB Home (NYSE:KBH) Stake Lifted by ProShare Advisors LLC

ProShare Advisors LLC raised its position in KB Home (NYSE:KBH - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,606 shares of the construction company's stock after buying an additional 5,753 shares during the quarter. ProShare Advisors LLC's holdings in KB Home were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. lifted its stake in KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares during the last quarter. Principal Securities Inc. lifted its stake in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after buying an additional 179 shares during the last quarter. Blue Trust Inc. lifted its stake in KB Home by 15.3% in the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after buying an additional 194 shares during the last quarter. Amundi lifted its stake in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after buying an additional 201 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of KB Home by 0.6% during 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 purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.89% of the stock is currently owned by company insiders.

KB Home Price Performance

KB Home stock traded up $1.10 during trading hours on Tuesday, hitting $52.34. The stock had a trading volume of 183,900 shares, compared to its average volume of 1,296,469. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.90 and a beta of 1.45. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The stock's fifty day moving average is $54.49 and its two-hundred day moving average is $63.76.

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

KB Home Announces Dividend

The firm 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 of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.91%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Analyst Ratings Changes

Several research firms have recently commented on KBH. The Goldman Sachs Group cut their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Keefe, Bruyette & Woods cut their price objective on 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. UBS Group cut their price objective on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Wells Fargo & Company cut their price objective on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $71.23.

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.