Fisher Asset Management LLC Boosts Stake in KB Home (NYSE:KBH)

Fisher Asset Management LLC boosted its stake in shares of KB Home (NYSE:KBH) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,281,315 shares of the construction company’s stock after buying an additional 75,143 shares during the period. Fisher Asset Management LLC owned 3.16% of KB Home worth $149,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after buying an additional 179 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in KB Home during the third quarter worth $59,000. Banque Cantonale Vaudoise purchased a new stake in KB Home during the third quarter worth $61,000. Versant Capital Management Inc lifted its holdings in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares during the period. Finally, Quest Partners LLC lifted its holdings in KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock worth $87,000 after buying an additional 1,016 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.44% of the company’s stock.

KB Home Price Performance

Shares of KBH opened at $60.89 on Friday. The business’s 50-day moving average is $65.38 and its two-hundred day moving average is $75.29. The company has a market capitalization of $4.39 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a fifty-two week low of $59.89 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $1.85 EPS. Research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KBH shares. UBS Group decreased their price objective on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, January 28th. 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. JPMorgan Chase & Co. decreased their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Raymond James reiterated an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $76.21.

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.