Mercer Global Advisors Inc. ADV Raises Stock Position in KB Home (NYSE:KBH)

Mercer Global Advisors Inc. ADV grew its position in KB Home (NYSE:KBH - Free Report) by 120.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,315 shares of the construction company's stock after buying an additional 36,234 shares during the period. Mercer Global Advisors Inc. ADV owned 0.09% of KB Home worth $4,358,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Freestone Grove Partners LP acquired a new stake in shares of KB Home during the 4th quarter worth about $206,000. Navigoe LLC acquired a new stake in shares of KB Home during the fourth quarter valued at about $305,000. Comerica Bank increased its position in shares of KB Home by 6.5% during the fourth quarter. Comerica Bank now owns 74,145 shares of the construction company's stock valued at $4,873,000 after acquiring an additional 4,513 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of KB Home by 589.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 41,278 shares of the construction company's stock valued at $2,713,000 after acquiring an additional 35,288 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of KB Home by 7.3% in the 4th quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock worth $72,377,000 after acquiring an additional 75,206 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analysts Set New Price Targets

KBH has been the subject of several research reports. Royal Bank of Canada dropped their target price on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped 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. Keefe, Bruyette & Woods decreased their target price 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. 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, Wells Fargo & Company reduced their price target 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.04.

KB Home Trading Down 0.4 %

NYSE KBH opened at $54.73 on Tuesday. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The firm has a 50 day moving average of $56.91 and a two-hundred day moving average of $66.48. 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 stock has a market capitalization of $3.93 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm 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 firm posted $1.76 EPS. The business's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts expect that KB Home will post 8.42 EPS 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. Stockholders 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 dividend yield of 1.83%. The ex-dividend date 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.

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