Rafferty Asset Management LLC Buys 15,423 Shares of KB Home (NYSE:KBH)

Rafferty Asset Management LLC increased its holdings in shares of KB Home (NYSE:KBH - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,237 shares of the construction company's stock after buying an additional 15,423 shares during the quarter. Rafferty Asset Management LLC owned 0.07% of KB Home worth $3,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KBH. Jones Financial Companies Lllp lifted its position in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Principal Securities Inc. lifted 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 buying an additional 179 shares during the last quarter. Amundi lifted its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after buying an additional 201 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of KB Home by 1,409.1% during the 4th quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock worth $65,000 after buying an additional 930 shares during the last quarter. Finally, Quarry LP lifted 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 buying an additional 999 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KBH has been the subject of several recent analyst reports. Wedbush restated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. The Goldman Sachs Group lowered their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Keefe, Bruyette & Woods lowered their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. Barclays lowered their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $71.23.

KB Home Trading Up 0.1%

NYSE KBH traded up $0.03 during trading hours on Friday, hitting $51.26. 1,445,502 shares of the company's stock were exchanged, compared to its average volume of 1,298,890. The stock has a 50-day simple moving average of $54.69 and a 200 day simple moving average of $64.20. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.90 and a beta of 1.45. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

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

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid 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 1.95%. KB Home's dividend payout ratio is currently 12.20%.

Insider Buying and Selling

In other KB Home 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 transaction, the director now owns 10,262 shares in the company, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.89% of the stock is currently owned by insiders.

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.