Tower Research Capital LLC TRC Raises Holdings in KB Home (NYSE:KBH)

Tower Research Capital LLC TRC grew its position in shares of KB Home (NYSE:KBH - Free Report) by 208.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,791 shares of the construction company's stock after buying an additional 9,318 shares during the quarter. Tower Research Capital LLC TRC's holdings in KB Home were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in KB Home by 4.2% in the 4th quarter. MetLife Investment Management LLC now owns 77,484 shares of the construction company's stock worth $5,092,000 after acquiring an additional 3,147 shares in the last quarter. First Trust Advisors LP raised its stake in KB Home by 61.2% during 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 in the last quarter. Forum Financial Management LP raised its stake in KB Home by 19.9% during the fourth quarter. Forum Financial Management LP now owns 3,197 shares of the construction company's stock valued at $210,000 after purchasing an additional 531 shares in the last quarter. GeoWealth Management LLC lifted its position in KB Home by 19.7% during the fourth quarter. GeoWealth Management LLC now owns 8,171 shares of the construction company's stock valued at $537,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Alpha DNA Investment Management LLC grew its stake in shares of KB Home by 7.6% in the 4th quarter. Alpha DNA Investment Management LLC now owns 5,423 shares of the construction company's stock worth $356,000 after buying an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Trading Down 0.0 %

KBH stock traded down $0.03 during mid-day trading on Thursday, reaching $54.00. The company had a trading volume of 190,514 shares, compared to its average volume of 1,324,430. The firm has a 50 day moving average of $57.36 and a 200 day moving average of $67.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a market capitalization of $3.87 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. KB Home's payout ratio is currently 12.20%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Wells Fargo & Company cut their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Barclays dropped their price objective on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.