KB Home (NYSE:KBH) Stock Position Boosted by EMC Capital Management

EMC Capital Management lifted its stake in KB Home (NYSE:KBH) by 17.0% in the fourth quarter, HoldingsChannel reports. The fund owned 4,877 shares of the construction company’s stock after purchasing an additional 707 shares during the quarter. EMC Capital Management’s holdings in KB Home were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KBH. FMR LLC increased its position in shares of KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp boosted its stake in KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after buying an additional 45,311 shares in the last quarter. Fisher Asset Management LLC grew its holdings in KB Home by 3.4% during the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock worth $189,047,000 after acquiring an additional 73,051 shares during the period. Geode Capital Management LLC lifted its holdings in KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after acquiring an additional 16,593 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of KB Home during the 3rd quarter valued at about $89,899,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Price Performance

Shares of KBH opened at $68.07 on Thursday. The business’s 50-day moving average is $71.27 and its 200-day moving average is $77.98. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.93 and a beta of 1.86. KB Home has a fifty-two week low of $58.15 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last released its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. Equities research analysts expect that KB Home will post 8.5 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, February 20th. Investors of record on Thursday, February 6th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. KB Home’s payout ratio is 11.81%.

Analysts Set New Price Targets

KBH has been the topic of a number of research reports. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America dropped their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday. Evercore ISI raised their price objective on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $76.21.

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.