KB Home (NYSE:KBH) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in shares of KB Home (NYSE:KBH - Free Report) by 174.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,988 shares of the construction company's stock after acquiring an additional 122,145 shares during the quarter. Janus Henderson Group PLC owned approximately 0.27% of KB Home worth $12,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Xponance Inc. lifted its position in KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares during the last quarter. Principal Securities Inc. raised its stake 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 valued at $39,000 after acquiring an additional 179 shares during the period. Blue Trust Inc. raised its stake in shares of KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after acquiring an additional 194 shares during the period. Amundi lifted its holdings 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 during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 26th. The Goldman Sachs Group decreased their target price 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. Wedbush reaffirmed a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. UBS Group reduced their price target 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, Wall Street Zen lowered shares of KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KB Home presently has an average rating of "Hold" and a consensus price target of $71.23.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business'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 sale, the director now directly owns 10,262 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.89% of the stock is owned by corporate insiders.

KB Home Stock Performance

Shares of NYSE KBH traded down $0.54 during midday trading on Thursday, reaching $50.84. 181,303 shares of the company were exchanged, compared to its average volume of 1,299,080. The stock has a market cap of $3.65 billion, a P/E ratio of 6.00, a PEG ratio of 0.90 and a beta of 1.45. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. The stock has a fifty day simple moving average of $55.06 and a 200 day simple moving average of $64.61. 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 issued its quarterly 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). 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%. KB Home's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 earnings per share. On average, research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. KB Home's dividend payout ratio is currently 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.