Northern Trust Corp Acquires 75,206 Shares of KB Home (NYSE:KBH)

Northern Trust Corp boosted its holdings in shares of KB Home (NYSE:KBH - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,101,300 shares of the construction company's stock after purchasing an additional 75,206 shares during the quarter. Northern Trust Corp owned about 1.53% of KB Home worth $72,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBH. Barclays PLC increased its position 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 valued at $16,816,000 after purchasing an additional 38,638 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home in the 3rd quarter valued at $59,000. Franklin Resources Inc. lifted its holdings in shares of KB Home by 12.1% during the 3rd quarter. Franklin Resources Inc. now owns 65,715 shares of the construction company's stock worth $5,337,000 after acquiring an additional 7,100 shares during the period. Versant Capital Management Inc boosted its position in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after acquiring an additional 557 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in KB Home by 4.2% in the fourth quarter. Nordea Investment Management AB now owns 152,056 shares of the construction company's stock valued at $10,059,000 after acquiring an additional 6,195 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KBH. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods reduced their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, March 26th. Barclays dropped their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Finally, Evercore ISI boosted their price objective on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KB Home presently has a consensus rating of "Hold" and an average target price 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 company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm's fifty day moving average is $56.91 and its 200-day moving average is $66.48. The firm has a market cap of $3.93 billion, a P/E ratio of 6.46, a P/E/G 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The business had revenue of $1.39 billion during 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 company's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Equities analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. 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.

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