Federated Hermes Inc. Acquires 34,647 Shares of KB Home (NYSE:KBH)

Federated Hermes Inc. lifted its stake in KB Home (NYSE:KBH - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,009 shares of the construction company's stock after acquiring an additional 34,647 shares during the period. Federated Hermes Inc. owned approximately 0.20% of KB Home worth $9,370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of KB Home by 93.9% during the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company's stock valued at $116,942,000 after purchasing an additional 1,223,612 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in KB Home by 225.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company's stock valued at $41,435,000 after buying an additional 620,238 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of KB Home by 246.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 501,100 shares of the construction company's stock valued at $23,191,000 after buying an additional 356,600 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of KB Home by 26.1% during the 3rd quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company's stock worth $71,590,000 after acquiring an additional 320,554 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of KB Home by 32.3% during the 3rd quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company's stock valued at $57,927,000 after acquiring an additional 305,820 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KB Home news, CEO Jeffrey T. Mezger sold 165,307 shares of the firm's stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the completion of the sale, the chief executive officer now owns 1,491,298 shares of the company's stock, valued at approximately $88,583,101.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeffrey T. Mezger sold 165,307 shares of the business's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the completion of the sale, the chief executive officer now owns 1,491,298 shares in the company, valued at $88,583,101.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brian J. Woram sold 83,272 shares of KB Home stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total value of $5,040,454.16. Following the sale, the executive vice president now directly owns 156,119 shares of the company's stock, valued at $9,449,883.07. The disclosure for this sale can be found here. Insiders have sold a total of 347,936 shares of company stock valued at $21,090,453 over the last 90 days. 3.52% of the stock is currently owned by insiders.

KB Home Stock Down 1.2 %

Shares of NYSE:KBH traded down $0.82 during midday trading on Wednesday, reaching $64.79. The company had a trading volume of 798,863 shares, compared to its average volume of 1,164,958. KB Home has a 1-year low of $40.97 and a 1-year high of $72.00. The stock has a market cap of $4.92 billion, a PE ratio of 8.83, a P/E/G ratio of 0.71 and a beta of 1.73. The business's 50 day moving average price is $66.01 and its 200 day moving average price is $59.00.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.19. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 EPS. On average, research analysts expect that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. This is an increase from KB Home's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, May 8th. KB Home's dividend payout ratio (DPR) is 10.88%.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group boosted their price target on KB Home from $82.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Keefe, Bruyette & Woods raised their target price on shares of KB Home from $67.00 to $77.00 and gave the company a "market perform" rating in a research note on Thursday, March 28th. The Goldman Sachs Group upped their target price on shares of KB Home from $61.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on KB Home from $68.50 to $70.50 and gave the company a "neutral" rating in a report on Wednesday, March 27th. Finally, Wells Fargo & Company lifted their price objective on shares of KB Home from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average target price of $66.11.

KB Home Company 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.