Donald Smith & CO. Inc. Has $40.92 Million Stock Position in KB Home $KBH

Donald Smith & CO. Inc. grew its stake in KB Home (NYSE:KBH) by 387.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 725,394 shares of the construction company’s stock after buying an additional 576,694 shares during the period. Donald Smith & CO. Inc.’s holdings in KB Home were worth $40,919,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KBH. First Horizon Corp lifted its stake in shares of KB Home by 178.9% in the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after purchasing an additional 322 shares during the period. Fulcrum Asset Management LLP acquired a new position in shares of KB Home in the 3rd quarter valued at $36,000. Aventura Private Wealth LLC acquired a new position in shares of KB Home in the 4th quarter valued at $46,000. Rothschild Investment LLC lifted its stake in shares of KB Home by 391.0% in the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after purchasing an additional 653 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of KB Home by 44.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KBH shares. Barclays cut their price target on KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Seaport Research Partners restated a “sell” rating and issued a $43.00 price objective (down from $65.00) on shares of KB Home in a research report on Tuesday, April 7th. 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. Finally, Citizens Jmp began coverage on shares of KB Home in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.17.

KB Home Stock Down 2.3%

KBH opened at $52.22 on Thursday. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71. The company has a fifty day simple moving average of $50.80 and a 200 day simple moving average of $56.69. The stock has a market cap of $3.27 billion, a P/E ratio of 13.25, a P/E/G ratio of 9.44 and a beta of 1.37.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. On average, equities research analysts expect that KB Home will post 3.1 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, May 7th. KB Home’s dividend payout ratio is 25.38%.

About KB Home

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.