Jefferies Financial Group Inc. Purchases 11,882 Shares of KB Home $KBH

Jefferies Financial Group Inc. raised its position in KB Home (NYSE:KBH) by 166.9% in the 4th quarter, according to its most recent Form 13F filing with the 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. raised its stake in KB Home by 1.6% during the 3rd quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock worth $649,000 after buying an additional 163 shares during the period. GHE LLC increased its position in shares of KB Home by 0.7% during the third quarter. GHE LLC now owns 30,983 shares of the construction company’s stock worth $1,972,000 after acquiring an additional 212 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of KB Home by 44.4% during the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after acquiring an additional 240 shares in the last quarter. Nebula Research & Development LLC increased its position in shares of KB Home by 6.3% during the second quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock worth $233,000 after acquiring an additional 262 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of KB Home by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock worth $337,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KBH. 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. Wall Street Zen downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. 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. Truist Financial lowered their price objective on shares of KB Home from $54.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.17.

KB Home Price Performance

Shares of KBH stock opened at $49.12 on Friday. The stock has a market cap of $3.08 billion, a P/E ratio of 12.47, a P/E/G ratio of 8.77 and a beta of 1.42. The company has a fifty day moving average price of $50.89 and a two-hundred day moving average price of $57.20. KB Home has a one year low of $44.03 and a one year high of $68.71.

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

KB Home Announces Dividend

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