Pinebridge Investments L.P. Has $1.66 Million Stake in KB Home (NYSE:KBH)

Pinebridge Investments L.P. raised its holdings in shares of KB Home (NYSE:KBH - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,241 shares of the construction company's stock after buying an additional 7,551 shares during the quarter. Pinebridge Investments L.P.'s holdings in KB Home were worth $1,659,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in shares of KB Home during the 4th quarter valued at about $297,000. Quantessence Capital LLC bought a new stake in shares of KB Home in the 4th quarter valued at approximately $310,000. Harvest Investment Services LLC raised its holdings in shares of KB Home by 23.2% in the 4th quarter. Harvest Investment Services LLC now owns 8,313 shares of the construction company's stock worth $546,000 after buying an additional 1,563 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of KB Home by 15.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,096 shares of the construction company's stock worth $204,000 after buying an additional 409 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in KB Home by 208.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,791 shares of the construction company's stock valued at $906,000 after buying an additional 9,318 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KBH shares. Bank of America decreased their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Raymond James reiterated an "outperform" rating and set a $80.00 target price (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Barclays reduced their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Finally, Evercore ISI lifted their target price on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $71.04.

KB Home Stock Up 2.3 %

Shares of KB Home stock traded up $1.21 during trading on Friday, reaching $54.95. The stock had a trading volume of 694,739 shares, compared to its average volume of 1,327,759. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 6.49, a P/E/G ratio of 0.90 and a beta of 1.65. The stock has a fifty day moving average price of $57.22 and a two-hundred day moving average price of $67.12. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The business had revenue of $1.39 billion for 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%. KB Home's revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 earnings per share. Sell-side analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.82%. 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.