Hedge Fund Increases Stake in KB Home, Company Performance and Dividend Boost, Insider Activity, Analyst Ratings, and Company Profile

Are you interested in investing in the construction industry? If so, you might want to take a closer look at KB Home (NYSE:KBH). Rafferty Asset Management LLC recently boosted its stake in KB Home by 20.0% in the 4th quarter, showing confidence in the company’s potential for growth. Other hedge funds have also increased their holdings in KB Home, indicating a positive outlook on the company’s future performance.

KB Home’s price performance has been strong, with the stock trading at $68.16 on Friday. The company recently reported earnings that exceeded expectations, with a net margin of 9.29% and a return on equity of 15.78%. Analysts anticipate that KB Home will continue to perform well, with an expected EPS of 8.01 for the current year.

In addition to its strong financial performance, KB Home has also increased its dividend, providing shareholders with a higher return on their investment. Insider activity has been positive, with key executives selling shares at a profit, indicating confidence in the company’s future prospects.

Analysts have also been bullish on KB Home, with several firms increasing their target price for the stock. With a consensus rating of “Hold” and an average target price of $66.30, KB Home is seen as a solid investment opportunity in the construction industry.

If you’re interested in learning more about KB Home and its potential for growth, be sure to check out our latest report on the company. With a strong track record of performance and positive outlook from analysts, KB Home could be a valuable addition to your investment portfolio.