Martingale Asset Management L P acquired a new stake in KB Home (NYSE:KBH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 40,125 shares of the construction company’s stock, valued at approximately $1,282,000.
Several other hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its position in KB Home by 73.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,182 shares of the construction company’s stock worth $915,000 after acquiring an additional 16,183 shares during the period. APG Asset Management N.V. acquired a new stake in shares of KB Home in the 3rd quarter valued at approximately $2,781,000. Crossmark Global Holdings Inc. acquired a new stake in shares of KB Home in the 3rd quarter valued at approximately $728,000. Chicago Equity Partners LLC lifted its holdings in shares of KB Home by 35.3% in the 3rd quarter. Chicago Equity Partners LLC now owns 259,925 shares of the construction company’s stock valued at $6,269,000 after buying an additional 67,770 shares during the period. Finally, American Century Companies Inc. increased its stake in KB Home by 187.9% in the 3rd quarter. American Century Companies Inc. now owns 309,409 shares of the construction company’s stock valued at $7,463,000 after purchasing an additional 201,956 shares in the last quarter. Hedge funds and other institutional investors own 95.68% of the company’s stock.
In other news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction that occurred 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 directly owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 103,562 shares in the company, valued at $3,139,999.84. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the company. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Credit Suisse Group reissued a “neutral” rating and set a $31.00 price target (up previously from $25.00) on shares of KB Home in a research report on Thursday, January 11th. Mizuho set a $35.00 price objective on KB Home and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Wedbush lifted their target price on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, December 29th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. KB Home presently has a consensus rating of “Hold” and a consensus price target of $29.07.
KB Home (NYSE KBH) traded down $1.00 during midday trading on Wednesday, hitting $28.93. 2,845,253 shares of the stock were exchanged, compared to its average volume of 2,658,570. KB Home has a 1-year low of $18.55 and a 1-year high of $38.80. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. The firm has a market capitalization of $2,570.76, a P/E ratio of 15.94, a PEG ratio of 0.75 and a beta of 1.54.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $0.40 earnings per share. KB Home’s revenue for the quarter was up 17.7% on a year-over-year basis. analysts anticipate that KB Home will post 2.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, February 7th. KB Home’s payout ratio is presently 5.46%.
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KB Home 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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