LSV Asset Management Has $34.10 Million Stake in KB Home (NYSE:KBH)

LSV Asset Management trimmed its position in KB Home (NYSE:KBH - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,000 shares of the construction company's stock after selling 24,610 shares during the period. LSV Asset Management owned approximately 0.72% of KB Home worth $34,103,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KBH. Fifth Third Bancorp boosted its position in shares of KB Home by 40.9% during the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company's stock worth $43,000 after purchasing an additional 270 shares in the last quarter. GAMMA Investing LLC acquired a new stake in KB Home in the 4th quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new stake in KB Home in the 4th quarter valued at about $56,000. Whittier Trust Co. acquired a new stake in KB Home in the 4th quarter valued at about $62,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in KB Home in the 4th quarter valued at about $130,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Stock Up 1.8 %

Shares of KBH stock traded up $1.26 during trading hours on Monday, hitting $70.04. 1,745,904 shares of the company were exchanged, compared to its average volume of 1,155,481. The firm has a market cap of $5.31 billion, a PE ratio of 9.53, a PEG ratio of 0.78 and a beta of 1.74. KB Home has a 1 year low of $42.11 and a 1 year high of $72.00. The firm has a fifty day moving average of $66.72 and a 200 day moving average of $60.41.

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 for the quarter, topping the consensus estimate of $1.57 by $0.19. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The company's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. Analysts expect that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a $0.25 dividend. This is a positive change from KB Home's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.43%. KB Home's dividend payout ratio (DPR) is presently 10.88%.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 38,386 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KBH has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of KB Home from $68.50 to $70.50 and gave the company a "neutral" rating in a research note on Wednesday, March 27th. The Goldman Sachs Group increased their price objective on shares of KB Home from $61.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, March 22nd. Keefe, Bruyette & Woods increased their price objective 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. UBS Group increased their price objective on shares of KB Home from $82.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Finally, Evercore ISI reduced their target price on shares of KB Home from $82.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, KB Home presently has an average rating of "Hold" and an average target price of $66.11.

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.