Lansforsakringar Fondforvaltning AB publ Purchases New Stake in KB Home (NYSE:KBH)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of KB Home (NYSE:KBH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 175,641 shares of the construction company's stock, valued at approximately $11,543,000. Lansforsakringar Fondforvaltning AB publ owned approximately 0.24% of KB Home as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KBH. Jones Financial Companies Lllp grew its position 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 worth $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. grew its position in shares of KB Home by 43.6% in 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 grew its position in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares in the last quarter. Headlands Technologies LLC grew its position 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 worth $65,000 after acquiring an additional 930 shares in the last quarter. Finally, Quarry LP grew its position in shares of KB Home by 4,540.9% in 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. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KBH shares. Keefe, Bruyette & Woods decreased their target price 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. 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. UBS Group decreased their target price 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. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wall Street Zen lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $71.23.

Insider Transactions at KB Home

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 transaction of $271,900.00. Following the transaction, the director now directly owns 10,262 shares of the company's stock, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.89% of the stock is owned by insiders.

KB Home Price Performance

Shares of KB Home stock traded down $0.65 during trading on Monday, hitting $50.93. The stock had a trading volume of 1,051,261 shares, compared to its average volume of 1,301,745. 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 firm has a market cap of $3.65 billion, a P/E ratio of 6.01, a PEG ratio of 0.90 and a beta of 1.45. The business has a fifty day moving average of $53.66 and a two-hundred day moving average of $62.80. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (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 return on equity of 16.46% and a net margin of 9.45%. The firm's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. On average, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 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.