International Assets Investment Management LLC Makes New Investment in KB Home (NYSE:KBH)

International Assets Investment Management LLC purchased a new position in KB Home (NYSE:KBH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,742 shares of the construction company's stock, valued at approximately $733,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of KB Home by 3.5% during the third quarter. Vanguard Group Inc. now owns 7,819,706 shares of the construction company's stock valued at $361,896,000 after purchasing an additional 263,194 shares in the last quarter. AQR Capital Management LLC grew 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 in the last quarter. Invesco Ltd. grew its position in shares of KB Home by 26.1% during the third quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company's stock valued at $71,590,000 after purchasing an additional 320,554 shares in the last quarter. American Century Companies Inc. grew its position in shares of KB Home by 32.3% during the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company's stock valued at $57,927,000 after purchasing an additional 305,820 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of KB Home by 225.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company's stock valued at $41,435,000 after purchasing an additional 620,238 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of KB Home from $67.00 to $77.00 and gave the company a "market perform" rating in a report on Thursday, March 28th. Wells Fargo & Company increased their price target on shares of KB Home from $65.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, March 21st. The Goldman Sachs Group increased their price target on shares of KB Home from $61.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, March 22nd. StockNews.com downgraded shares of KB Home from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th. Finally, UBS Group raised their price objective on shares of KB Home from $82.00 to $87.00 and gave the stock a "buy" 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 stock. According to MarketBeat, KB Home has an average rating of "Hold" and an average target price of $66.11.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 38,386 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Jeff Kaminski sold 38,386 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,294,522.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian J. Woram sold 83,272 shares of the business's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total transaction 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 approximately $9,449,883.07. The disclosure for this sale can be found here. Insiders sold 182,629 shares of company stock worth $11,271,218 over the last three months. Company insiders own 4.44% of the company's stock.

KB Home Price Performance

NYSE KBH traded down $0.54 on Thursday, hitting $64.25. The stock had a trading volume of 889,897 shares, compared to its average volume of 1,161,521. The business's fifty day moving average price is $66.08 and its 200 day moving average price is $59.04. KB Home has a 52-week low of $40.97 and a 52-week high of $72.00. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.74 and a beta of 1.73.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that KB Home will post 8.01 EPS for the current year.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This is an increase from KB Home's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. KB Home's payout ratio is currently 10.88%.

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.