KB Home (NYSE:KBH) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its position in KB Home (NYSE:KBH - Free Report) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,278 shares of the construction company's stock after acquiring an additional 56,994 shares during the quarter. Rhumbline Advisers owned 0.40% of KB Home worth $16,638,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KBH. Norges Bank acquired a new stake in KB Home in the fourth quarter valued at approximately $49,638,000. Two Sigma Advisers LP grew its position in shares of KB Home by 4,408.6% during the fourth quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company's stock worth $34,372,000 after buying an additional 511,400 shares in the last quarter. First Trust Advisors LP grew its position in shares of KB Home by 61.2% during the fourth quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after buying an additional 503,895 shares in the last quarter. Two Sigma Investments LP grew its position in shares of KB Home by 1,136.2% during the fourth quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company's stock worth $27,822,000 after buying an additional 389,097 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of KB Home during the fourth quarter worth approximately $19,526,000. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KBH. Barclays decreased 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 report on Tuesday, March 25th. UBS Group decreased 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. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Bank of America reduced their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.05.

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of KB Home 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.89% of the company's stock.

KB Home Stock Performance

KBH stock traded down $1.38 during mid-day trading on Wednesday, reaching $53.36. The company had a trading volume of 1,344,269 shares, compared to its average volume of 1,305,133. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.83 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.90 and a beta of 1.35. KB Home has a one year low of $48.90 and a one year high of $89.70. The stock's 50-day simple moving average is $52.95 and its two-hundred day simple moving average is $61.79.

KB Home (NYSE:KBH - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. Research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio is currently 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.