Donald Smith & CO. Inc. Grows Stock Holdings in KB Home (NYSE:KBH)

Donald Smith & CO. Inc. raised its stake in KB Home (NYSE:KBH) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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. owned approximately 0.37% of KB Home worth $17,684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KBH. Vanguard Group Inc. raised its position in shares of KB Home by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,819,706 shares of the construction company’s stock worth $361,896,000 after purchasing an additional 263,194 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of KB Home by 93.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock valued at $116,942,000 after buying an additional 1,223,612 shares during the period. Invesco Ltd. raised its holdings in KB Home by 26.1% in the third quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock valued at $71,590,000 after buying an additional 320,554 shares during the period. American Century Companies Inc. boosted its position in 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 period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of KB Home by 225.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock valued at $41,435,000 after purchasing an additional 620,238 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Trading Up 0.8 %

Shares of KBH traded up $0.53 during trading hours on Monday, reaching $66.13. The stock had a trading volume of 659,610 shares, compared to its average volume of 1,149,984. The firm has a 50-day simple moving average of $66.19 and a 200 day simple moving average of $59.42. KB Home has a 12 month low of $42.11 and a 12 month high of $72.00. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.74 and a beta of 1.73.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. The business had revenue of $1.47 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, equities analysts forecast that KB Home will post 8.01 EPS for the current year.

KB Home Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.51%. This is a boost from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 8th. KB Home’s dividend payout ratio is presently 10.88%.

Analyst Upgrades and Downgrades

KBH has been the topic of several research analyst reports. Wedbush increased their price target on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report 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 report on Thursday, March 28th. Barclays lifted their price target on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Wells Fargo & Company raised their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada boosted their price objective on KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.11.

Insider Activity

In other KB Home news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 109,981 shares of the company’s stock, valued at $6,650,551.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the completion of the sale, the chief accounting officer now owns 109,981 shares in the company, valued at $6,650,551.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. Insiders have sold a total of 167,129 shares of company stock valued at $10,345,058 over the last ninety days. 3.52% of the stock is currently owned by corporate insiders.

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.