Jefferies Financial Group Inc. Has $1.07 Million Stock Position in KB Home $KBH

Jefferies Financial Group Inc. raised its position in shares of KB Home (NYSE:KBH) by 166.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the construction company’s stock after purchasing an additional 11,882 shares during the period. Jefferies Financial Group Inc.’s holdings in KB Home were worth $1,072,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KBH. Gamco Investors INC. ET AL increased its position in KB Home by 5.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 23,204 shares of the construction company’s stock worth $1,309,000 after purchasing an additional 1,239 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in KB Home during the 4th quarter worth approximately $1,269,000. May Hill Capital LLC acquired a new position in KB Home during the 4th quarter worth approximately $237,000. Northwestern Mutual Wealth Management Co. increased its position in KB Home by 48,100.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 158,097 shares of the construction company’s stock worth $8,918,000 after purchasing an additional 157,769 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in KB Home during the 4th quarter worth approximately $1,292,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Down 1.2%

Shares of KB Home stock opened at $49.12 on Friday. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 8.77 and a beta of 1.42. The company’s fifty day moving average is $50.89 and its 200 day moving average is $57.20.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm posted $1.49 earnings per share. KB Home’s revenue for the quarter was down 22.6% on a year-over-year basis. As a group, equities analysts anticipate that KB Home will post 3.1 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. KB Home’s payout ratio is currently 25.38%.

Analyst Ratings Changes

A number of research firms recently issued reports on KBH. Bank of America lowered their price objective on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Wells Fargo & Company lowered their price objective on shares of KB Home from $55.00 to $50.00 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. Weiss Ratings cut shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. UBS Group lowered their price objective on shares of KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Finally, Barclays lowered their price objective on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.17.

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.