KB Home (NYSE:KBH) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in KB Home (NYSE:KBH - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,606 shares of the construction company's stock after acquiring an additional 5,753 shares during the quarter. ProShare Advisors LLC's holdings in KB Home were worth $1,420,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of KB Home by 65.6% in the 4th 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 in the last quarter. Principal Securities Inc. boosted its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after acquiring an additional 179 shares in the last quarter. Amundi increased its holdings in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after acquiring an additional 201 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of KB Home by 1,409.1% in the 4th quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock valued at $65,000 after acquiring an additional 930 shares during the last quarter. Finally, Quarry LP raised its position in shares of KB Home by 4,540.9% during the 4th quarter. Quarry LP now owns 1,021 shares of the construction company's stock worth $67,000 after acquiring an additional 999 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Buying and Selling

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction dated 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 directly owns 10,262 shares in the company, valued at $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America lowered their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. UBS Group lowered their target price on shares of KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. 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. The Goldman Sachs Group cut their price target on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, 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 research note on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $71.23.

KB Home Trading Down 3.4%

Shares of KB Home stock opened at $51.40 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company has a market capitalization of $3.69 billion, a P/E ratio of 6.07, 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 company's fifty day moving average is $55.06 and its two-hundred day moving average is $64.61.

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

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 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.

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