Schonfeld Strategic Advisors LLC Purchases 35,288 Shares of KB Home (NYSE:KBH)

Schonfeld Strategic Advisors LLC boosted its holdings in shares of KB Home (NYSE:KBH - Free Report) by 589.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,278 shares of the construction company's stock after purchasing an additional 35,288 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.06% of KB Home worth $2,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of KB Home by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock valued at $157,529,000 after acquiring an additional 56,142 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after acquiring an additional 75,143 shares during the last quarter. First Trust Advisors LP grew its position in shares of KB Home by 61.2% in the fourth quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock valued at $87,264,000 after purchasing an additional 503,895 shares during the last quarter. LSV Asset Management raised its stake in KB Home by 3.0% during the 4th quarter. LSV Asset Management now owns 1,137,900 shares of the construction company's stock valued at $74,783,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in KB Home by 7.3% in the 4th quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock valued at $72,377,000 after acquiring an additional 75,206 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Price Performance

Shares of KBH stock traded up $0.69 during trading hours on Wednesday, reaching $53.63. The company's stock had a trading volume of 1,309,370 shares, compared to its average volume of 1,325,321. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The firm's 50 day simple moving average is $56.74 and its 200-day simple moving average is $66.39. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 6.33, a PEG 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 EPS 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 analyst estimates of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm's revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. Sell-side analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is currently 12.20%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KBH shares. Wedbush reiterated a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their target price on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada dropped their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Evercore ISI increased their price objective on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report 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 stock. Based on data from MarketBeat.com, KB Home has an average rating of "Hold" and a consensus price target of $71.04.

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.