Dimensional Fund Advisors LP Has $47.89 Million Position in KB Home (KBH)

Dimensional Fund Advisors LP cut its stake in shares of KB Home (NYSE:KBH) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,408,790 shares of the construction company’s stock after selling 13,556 shares during the period. Dimensional Fund Advisors LP owned approximately 2.82% of KB Home worth $47,887,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Donald Smith & CO. Inc. boosted its stake in shares of KB Home by 2.5% in the first quarter. Donald Smith & CO. Inc. now owns 6,930,463 shares of the construction company’s stock valued at $137,778,000 after buying an additional 169,696 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of KB Home by 4.0% in the first quarter. Vanguard Group Inc. now owns 6,392,286 shares of the construction company’s stock valued at $127,079,000 after buying an additional 244,007 shares during the last quarter. Horseman Capital Management Ltd bought a new stake in shares of KB Home during the first quarter valued at about $35,460,000. Braun Stacey Associates Inc. boosted its stake in shares of KB Home by 279.5% in the first quarter. Braun Stacey Associates Inc. now owns 908,955 shares of the construction company’s stock valued at $18,070,000 after buying an additional 669,415 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of KB Home by 45.2% in the first quarter. Geode Capital Management LLC now owns 813,270 shares of the construction company’s stock valued at $16,166,000 after buying an additional 253,176 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

Shares of KB Home (NYSE:KBH) opened at 23.64 on Tuesday. KB Home has a 52-week low of $14.06 and a 52-week high of $24.37. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 18.21 and a beta of 1.63. The firm has a 50-day moving average price of $21.73 and a 200-day moving average price of $19.01.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts predict that KB Home will post $1.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, August 1st. KB Home’s payout ratio is 7.69%.

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KBH has been the subject of several analyst reports. Mizuho initiated coverage on KB Home in a report on Tuesday, May 16th. They issued a “neutral” rating and a $20.00 target price for the company. Barclays PLC restated a “sell” rating and issued a $17.00 target price on shares of KB Home in a report on Friday, June 30th. Deutsche Bank AG upped their target price on KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a report on Friday, June 30th. Bank of America Corporation upped their target price on KB Home from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, June 28th. Finally, Wedbush set a $22.00 target price on KB Home and gave the company a “buy” rating in a report on Thursday, June 15th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.53.

In other news, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $23.40, for a total value of $3,814,597.80. Following the completion of the sale, the chief financial officer now owns 178,251 shares of the company’s stock, valued at $4,171,073.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is owned by corporate insiders.

KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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