KB Home (NYSE:KBH) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in KB Home (NYSE:KBH - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,422 shares of the construction company's stock after purchasing an additional 6,317 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of KB Home worth $14,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vista Investment Management boosted its holdings in shares of KB Home by 4.4% in the 4th quarter. Vista Investment Management now owns 5,097 shares of the construction company's stock valued at $335,000 after buying an additional 215 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in KB Home in the fourth quarter valued at $19,526,000. iSAM Funds UK Ltd acquired a new position in KB Home in the fourth quarter valued at $656,000. Twinbeech Capital LP grew its holdings in shares of KB Home by 187.5% during the fourth quarter. Twinbeech Capital LP now owns 9,033 shares of the construction company's stock worth $594,000 after purchasing an additional 5,891 shares during the last quarter. Finally, Two Sigma Advisers LP increased 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 purchasing an additional 511,400 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on KBH. Barclays dropped their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company cut their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada decreased their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research note on Tuesday, March 25th. UBS Group lowered their price objective on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Wedbush reiterated a "neutral" rating and set a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $71.23.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction on Friday, May 16th. The shares were 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 of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.89% of the company's stock.

KB Home Stock Performance

KBH traded down $0.15 during trading on Friday, reaching $51.63. The company's stock had a trading volume of 1,020,928 shares, compared to its average volume of 1,302,751. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. The company's fifty day moving average price is $53.82 and its 200-day moving average price is $63.20. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company's quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. 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.