Beck Bode LLC Has $3.57 Million Position in KB Home (NYSE:KBH)

Beck Bode LLC increased its holdings in shares of KB Home (NYSE:KBH) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,114 shares of the construction company’s stock after buying an additional 228 shares during the period. Beck Bode LLC owned about 0.08% of KB Home worth $3,567,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KBH. AQR Capital Management LLC grew its position in KB Home by 93.9% in the 3rd quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock valued at $116,942,000 after purchasing an additional 1,223,612 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in KB Home by 225.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock valued at $41,435,000 after acquiring an additional 620,238 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in KB Home by 246.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 501,100 shares of the construction company’s stock valued at $23,191,000 after acquiring an additional 356,600 shares during the period. Invesco Ltd. raised its stake in KB Home by 26.1% in the 3rd quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock valued at $71,590,000 after acquiring an additional 320,554 shares during the period. Finally, American Century Companies Inc. increased its position in shares of KB Home by 32.3% during the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock valued at $57,927,000 after buying an additional 305,820 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KBH shares. StockNews.com cut KB Home from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price objective on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 21st. UBS Group upped their price objective on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods upped their price objective on shares of KB Home from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.11.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.52% of the company’s stock.

KB Home Stock Down 2.1 %

Shares of NYSE:KBH traded down $1.36 during trading on Tuesday, hitting $64.76. The stock had a trading volume of 930,356 shares, compared to its average volume of 1,147,348. KB Home has a 12-month low of $42.11 and a 12-month high of $72.00. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.74 and a beta of 1.73. The stock has a 50-day simple moving average of $66.34 and a two-hundred day simple moving average of $59.73.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. KB Home’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. As a group, sell-side analysts forecast that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s payout ratio is currently 10.88%.

About KB Home

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.