Donald Smith & CO. Inc. Acquires 576,694 Shares of KB Home $KBH

Donald Smith & CO. Inc. increased its holdings in shares of KB Home (NYSE:KBH) by 387.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 725,394 shares of the construction company’s stock after acquiring an additional 576,694 shares during the period. Donald Smith & CO. Inc. owned about 1.15% of KB Home worth $40,919,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Horizon Corp grew its position in KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in KB Home during the 3rd quarter worth approximately $36,000. Jones Financial Companies Lllp grew its position in KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after acquiring an additional 240 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in KB Home during the 4th quarter worth approximately $46,000. Finally, Rothschild Investment LLC grew its position in KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after acquiring an additional 653 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Performance

NYSE:KBH opened at $52.22 on Thursday. The stock’s fifty day moving average price is $50.80 and its two-hundred day moving average price is $56.69. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 9.44 and a beta of 1.37.

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

KB Home Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a yield of 1.9%. KB Home’s dividend payout ratio is currently 25.38%.

Analyst Ratings Changes

A number of research firms recently commented on KBH. Royal Bank Of Canada decreased their price target on KB Home from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Weiss Ratings lowered KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Barclays decreased their price target on KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Seaport Research Partners restated a “sell” rating and set a $43.00 price target (down from $65.00) on shares of KB Home in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group reduced their price objective on KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KB Home presently has an average rating of “Hold” and an average price target of $59.17.

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.