KB Home (NYSE:KBH) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its position in KB Home (NYSE:KBH) by 61.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,327,809 shares of the construction company’s stock after purchasing an additional 503,895 shares during the period. First Trust Advisors LP owned approximately 1.84% of KB Home worth $87,264,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. grew 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 acquiring an additional 179 shares during the period. Versant Capital Management Inc raised its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares in the last quarter. Amundi lifted its holdings in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after acquiring an additional 201 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in KB Home in the 3rd quarter worth approximately $59,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Stock Down 0.9 %

Shares of KBH opened at $51.18 on Tuesday. The stock has a fifty day simple moving average of $58.71 and a two-hundred day simple moving average of $68.43. 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 $3.67 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. As a group, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. KB Home’s dividend payout ratio is currently 12.20%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KBH. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. The Goldman Sachs Group cut 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, Barclays decreased their target price on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.04.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.89% of the company’s stock.

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.