First Trust Advisors LP Purchases 503,895 Shares of KB Home (NYSE:KBH)

First Trust Advisors LP raised its holdings in shares of KB Home (NYSE:KBH - Free Report) by 61.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,327,809 shares of the construction company's stock after purchasing an additional 503,895 shares during the quarter. First Trust Advisors LP owned approximately 1.84% of KB Home worth $87,264,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KBH. MML Investors Services LLC acquired a new stake in KB Home during the 3rd quarter valued at $464,000. Barclays PLC lifted its holdings in shares of KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after buying an additional 38,638 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of KB Home by 97.6% during the third quarter. Virtu Financial LLC now owns 7,960 shares of the construction company's stock worth $682,000 after buying an additional 3,931 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of KB Home by 5.2% during the third quarter. Sanctuary Advisors LLC now owns 11,080 shares of the construction company's stock worth $880,000 after buying an additional 545 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of KB Home during the third quarter worth $1,226,000. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KBH. UBS Group dropped their target price on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their target price on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a report on Wednesday, January 15th. The Goldman Sachs Group dropped their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Evercore ISI boosted their price target on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $75.00 price target on shares of KB Home in a research note on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned 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, the stock has an average rating of "Hold" and an average price target of $71.04.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.89% of the company's stock.

KB Home Price Performance

KB Home stock traded down $0.58 during midday trading on Friday, reaching $53.69. The company's stock had a trading volume of 935,821 shares, compared to its average volume of 1,322,452. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $57.86 and a 200-day moving average price of $67.68. The stock has a market cap of $3.85 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH - Get Free Report) last released 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. On average, sell-side analysts predict that KB Home will post 8.42 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's payout ratio is currently 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.