Kapitalo Investimentos Ltda Purchases New Holdings in KB Home (NYSE:KBH)

Kapitalo Investimentos Ltda purchased a new stake in shares of KB Home (NYSE:KBHFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,056 shares of the construction company’s stock, valued at approximately $253,000.

Several other large investors have also recently bought and sold shares of KBH. AQR Capital Management LLC boosted its position in KB Home by 93.9% during the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock valued at $116,942,000 after purchasing an additional 1,223,612 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in KB Home by 225.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock valued at $41,435,000 after buying an additional 620,238 shares during the period. Norges Bank bought a new stake in KB Home in the fourth quarter valued at approximately $36,761,000. Invesco Ltd. raised its stake in KB Home by 26.1% in the third quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock valued at $71,590,000 after buying an additional 320,554 shares during the period. Finally, American Century Companies Inc. raised its stake in KB Home by 32.3% in the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock valued at $57,927,000 after buying an additional 305,820 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Down 1.4 %

Shares of KBH traded down $0.98 during midday trading on Tuesday, hitting $68.54. The company’s stock had a trading volume of 333,060 shares, compared to its average volume of 1,162,124. KB Home has a one year low of $42.11 and a one year high of $74.65. The company’s fifty day simple moving average is $67.91 and its two-hundred day simple moving average is $64.75. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.77 and a beta of 1.77.

KB Home (NYSE:KBHGet Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.19. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. KB Home’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. On average, research analysts predict that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. KB Home’s payout ratio is currently 13.61%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KBH shares. Zelman & Associates restated an “underperform” rating and issued a $69.00 price objective on shares of KB Home in a research note on Monday, May 13th. StockNews.com lowered KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group upped their price objective on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Evercore ISI lowered their target price on KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Finally, Keefe, Bruyette & Woods increased their target price on KB Home from $67.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $66.30.

Check Out Our Latest Research Report on KBH

Insider Buying and Selling

In other news, Director Thomas W. Gilligan sold 3,914 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now directly owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the sale, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas W. Gilligan sold 3,914 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the sale, the director now directly owns 48,217 shares of the company’s stock, valued at $3,398,334.16. The disclosure for this sale can be found here. Insiders have sold 64,460 shares of company stock worth $4,384,468 in the last 90 days. Insiders own 3.52% of the company’s stock.

KB Home Profile

(Free Report)

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

Further Reading

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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