Deutsche Bank AG Acquires 19,668 Shares of KB Home (NYSE:KBH)

Deutsche Bank AG increased its stake in KB Home (NYSE:KBH - Free Report) by 17.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,770 shares of the construction company's stock after buying an additional 19,668 shares during the period. Deutsche Bank AG owned 0.18% of KB Home worth $8,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KBH. Jones Financial Companies Lllp increased its holdings in shares of KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. increased its stake in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares in the last quarter. Amundi lifted its stake in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after buying an additional 201 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of KB Home by 1,409.1% during the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock valued at $65,000 after buying an additional 930 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of KB Home by 4,540.9% in the 4th quarter. Quarry LP now owns 1,021 shares of the construction company's stock worth $67,000 after purchasing an additional 999 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Buying and Selling

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of KB Home 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on KBH. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Barclays reduced 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. Wells Fargo & Company lowered their price objective on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. 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. Finally, Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $71.23.

KB Home Stock Performance

Shares of KBH stock traded down $0.58 during trading hours on Thursday, reaching $50.80. 132,078 shares of the company traded hands, compared to its average volume of 1,298,971. The firm has a 50-day moving average price of $55.06 and a 200 day moving average price of $64.61. The company has a market cap of $3.64 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. As a group, sell-side analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

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.