2,083 Shares in KB Home (NYSE:KBH) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new position in KB Home (NYSE:KBH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,083 shares of the construction company’s stock, valued at approximately $130,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in KB Home by 3.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after buying an additional 200 shares in the last quarter. Fifth Third Bancorp raised its position in shares of KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after acquiring an additional 270 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of KB Home by 1.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,996 shares of the construction company’s stock worth $694,000 after acquiring an additional 272 shares in the last quarter. Bailard Inc. increased its stake in shares of KB Home by 2.5% in the 3rd quarter. Bailard Inc. now owns 12,100 shares of the construction company’s stock valued at $560,000 after purchasing an additional 300 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of KB Home by 8.7% in the 3rd quarter. Inspire Investing LLC now owns 6,614 shares of the construction company’s stock valued at $306,000 after purchasing an additional 531 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian J. Woram sold 83,272 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the completion of the transaction, the executive vice president now directly owns 156,119 shares in the company, valued at $9,449,883.07. The disclosure for this sale can be found here. Insiders have sold a total of 172,629 shares of company stock worth $10,675,718 in the last ninety days. 4.44% of the stock is owned by corporate insiders.

KB Home Trading Down 0.8 %

Shares of KBH opened at $64.25 on Friday. KB Home has a 12-month low of $40.97 and a 12-month high of $72.00. The firm has a market capitalization of $4.87 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.73 and a beta of 1.73. The firm has a 50-day moving average price of $66.10 and a 200 day moving average price of $59.08.

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

KB Home Increases Dividend

The company 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. This is an increase from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, May 8th. KB Home’s payout ratio is currently 10.88%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research note 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. Barclays lifted their target price on shares of KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. The Goldman Sachs Group upped their price target on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Finally, Evercore ISI lowered their price objective on KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, KB Home currently has a consensus rating of “Hold” and an average target price of $66.11.

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.