Rhumbline Advisers Raises Position in KB Home (NYSE:KBH)

Rhumbline Advisers raised its holdings in shares of KB Home (NYSE:KBH - Free Report) by 24.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,278 shares of the construction company's stock after purchasing an additional 56,994 shares during the period. Rhumbline Advisers owned 0.40% of KB Home worth $16,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp increased its position in shares of KB Home by 7.3% during the fourth quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock valued at $72,377,000 after acquiring an additional 75,206 shares in the last quarter. Principal Securities Inc. boosted its stake 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 during the last quarter. Van ECK Associates Corp boosted its stake in shares of KB Home by 31.4% during the 4th quarter. Van ECK Associates Corp now owns 57,954 shares of the construction company's stock worth $3,809,000 after acquiring an additional 13,837 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of KB Home during the 4th quarter valued at $1,427,000. Finally, Jones Financial Companies Lllp lifted its stake 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 valued at $36,000 after buying an additional 214 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

KB Home Trading Down 2.7%

NYSE KBH opened at $51.53 on Friday. The company has a 50 day moving average price of $53.17 and a 200 day moving average price of $62.19. The firm has a market cap of $3.70 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. As a group, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. KB Home's payout ratio is currently 12.20%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KBH shares. Wall Street Zen downgraded shares of KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Barclays dropped their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Wedbush reaffirmed a "neutral" rating and set a $75.00 price target on shares of KB Home in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their price objective on shares of KB Home from $55.00 to $53.00 and set an "underweight" rating for the company in a research report on Tuesday, June 3rd. Finally, UBS Group lowered their price target on shares of KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.05.

Insider Transactions at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on 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 of the company's stock, valued at $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.89% of the company's stock.

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.

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