Donald Smith & CO. Inc. Purchases 3,098 Shares of KB Home (NYSE:KBH)

Donald Smith & CO. Inc. lifted its holdings in KB Home (NYSE:KBH) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 283,124 shares of the construction company’s stock after buying an additional 3,098 shares during the period. Donald Smith & CO. Inc.’s holdings in KB Home were worth $17,684,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in KB Home by 93.9% during the third 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of KB Home by 225.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock worth $41,435,000 after buying an additional 620,238 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position 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 purchasing an additional 356,600 shares during the last quarter. Invesco Ltd. grew 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 last quarter. Finally, American Century Companies Inc. boosted its stake in shares of KB Home by 32.3% during the 3rd quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock worth $57,927,000 after purchasing an additional 305,820 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KBH. UBS Group lifted their target price on KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Royal Bank of Canada increased their target price on KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a research note on Thursday, March 21st. StockNews.com downgraded KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Raymond James lifted their price objective on KB Home from $61.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.11.

Insider Buying and Selling at KB Home

In related news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total value of $2,749,631.37. Following the completion of the sale, the chief accounting officer now directly owns 109,981 shares in the company, valued at approximately $6,650,551.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other KB Home news, CAO William R. Hollinger sold 45,471 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total value of $2,749,631.37. Following the sale, the chief accounting officer now owns 109,981 shares in the company, valued at $6,650,551.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. In the last three months, insiders sold 167,129 shares of company stock worth $10,345,058. Insiders own 3.52% of the company’s stock.

KB Home Stock Up 0.8 %

KBH stock traded up $0.53 during trading on Monday, hitting $66.13. The company had a trading volume of 659,610 shares, compared to its average volume of 1,149,984. KB Home has a 1-year low of $42.11 and a 1-year high of $72.00. The firm has a 50-day moving average price of $66.19 and a 200-day moving average price of $59.42. The firm has a market cap of $5.02 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.74 and a beta of 1.73.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.57 by $0.19. The business 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%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 EPS. Sell-side analysts anticipate that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. 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 1.51%. KB Home’s payout ratio is 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.