Brandywine Global Investment Management LLC Buys 113,756 Shares of KB Home $KBH

Brandywine Global Investment Management LLC lifted its position in KB Home (NYSE:KBH) by 328.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,390 shares of the construction company’s stock after acquiring an additional 113,756 shares during the period. Brandywine Global Investment Management LLC’s holdings in KB Home were worth $8,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KBH. Freestone Grove Partners LP acquired a new stake in KB Home in the third quarter worth $111,050,000. Norges Bank acquired a new stake in KB Home during the 4th quarter worth $48,418,000. Goldman Sachs Group Inc. lifted its holdings in KB Home by 102.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 932,178 shares of the construction company’s stock worth $52,584,000 after acquiring an additional 471,598 shares in the last quarter. Bank of America Corp DE lifted its holdings in KB Home by 36.4% during the third quarter. Bank of America Corp DE now owns 1,033,287 shares of the construction company’s stock worth $65,758,000 after acquiring an additional 275,965 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in KB Home by 48,100.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 158,097 shares of the construction company’s stock valued at $8,918,000 after acquiring an additional 157,769 shares during the period. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KBH. Weiss Ratings lowered KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Royal Bank Of Canada dropped their target price on shares of KB Home from $54.00 to $53.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. Seaport Research Partners reaffirmed a “sell” rating and issued a $43.00 price target (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. The Goldman Sachs Group reduced their price target on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Citizens Jmp began coverage on shares of KB Home in a research report on Tuesday, March 24th. They set an “outperform” rating and a $77.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.17.

KB Home Trading Up 4.1%

KB Home stock opened at $53.54 on Wednesday. KB Home has a 1-year low of $44.03 and a 1-year high of $68.71. The company has a fifty day simple moving average of $50.77 and a 200 day simple moving average of $56.73. The company has a market cap of $3.35 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 9.08 and a beta of 1.37.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 EPS. On average, equities research analysts forecast that KB Home will post 3.1 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a yield of 1.9%. KB Home’s dividend payout ratio is 25.38%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.