Price T Rowe Associates Inc. MD Has $4.45 Million Stake in KB Home (NYSE:KBH)

Price T Rowe Associates Inc. MD lifted its stake in KB Home (NYSE:KBH - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,758 shares of the construction company's stock after acquiring an additional 16,576 shares during the period. Price T Rowe Associates Inc. MD owned 0.09% of KB Home worth $4,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after purchasing an additional 214 shares during the period. 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 worth $39,000 after buying an additional 179 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after buying an additional 557 shares during the period. Amundi boosted its stake in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after buying an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in KB Home during the third quarter worth about $59,000. 96.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KBH shares. Raymond James restated an "outperform" rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Bank of America decreased their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.04.

KB Home Stock Up 1.3 %

Shares of KB Home stock traded up $0.69 on Wednesday, hitting $53.63. 1,309,370 shares of the company traded hands, compared to its average volume of 1,325,321. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The company has a 50-day moving average price of $56.74 and a 200 day moving average price of $66.39. 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 company has a market cap of $3.85 billion, a PE ratio of 6.33, a PEG ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion during 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%. The company's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 EPS. Sell-side analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's payout ratio is 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.