Quantitative Investment Management LLC decreased its holdings in KB Home (NYSE:KBH) by 81.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,800 shares of the construction company’s stock after selling 172,500 shares during the quarter. Quantitative Investment Management LLC’s holdings in KB Home were worth $1,271,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KB Home by 83.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after purchasing an additional 1,947 shares in the last quarter. Strs Ohio acquired a new stake in KB Home in the 4th quarter worth about $162,000. Suntrust Banks Inc. acquired a new stake in KB Home in the 4th quarter worth about $208,000. Magnetar Financial LLC acquired a new stake in KB Home in the 3rd quarter worth about $244,000. Finally, DAVENPORT & Co LLC bought a new position in KB Home in the 4th quarter valued at about $244,000. Institutional investors and hedge funds own 95.66% of the company’s stock.
Several research firms have commented on KBH. Deutsche Bank decreased their target price on shares of KB Home from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Monday. UBS raised shares of KB Home from a “sell” rating to a “neutral” rating in a report on Tuesday, March 27th. Mizuho set a $33.00 target price on shares of KB Home and gave the company a “hold” rating in a report on Sunday, March 25th. Credit Suisse Group reissued a “neutral” rating and issued a $31.00 target price (up from $25.00) on shares of KB Home in a report on Thursday, January 11th. Finally, Wedbush decreased their price target on shares of KB Home from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, March 23rd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.25.
KBH traded up $0.21 during trading on Thursday, reaching $28.53. 1,859,971 shares of the company’s stock were exchanged, compared to its average volume of 2,512,512. KB Home has a one year low of $19.80 and a one year high of $38.80. The firm has a market capitalization of $2,463.17, a price-to-earnings ratio of 15.42, a PEG ratio of 0.63 and a beta of 1.43.
KB Home (NYSE:KBH) last posted its earnings results on Thursday, March 22nd. The construction company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.11. KB Home had a net margin of 2.15% and a return on equity of 11.16%. The firm had revenue of $871.60 million for the quarter, compared to analyst estimates of $878.77 million. During the same period in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts expect that KB Home will post 2.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, May 3rd will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.35%. KB Home’s dividend payout ratio (DPR) is currently 5.41%.
In other KB Home news, SVP Thomas F. Norton sold 47,179 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the completion of the sale, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeff Kaminski sold 125,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the sale, the chief financial officer now owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.
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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.
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