KB Home (NYSE:KBH) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in shares of KB Home (NYSE:KBH) by 1,409.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 996 shares of the construction company’s stock after purchasing an additional 930 shares during the quarter. Headlands Technologies LLC’s holdings in KB Home were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in KBH. Jones Financial Companies Lllp increased its position in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares during the period. Principal Securities Inc. lifted its position in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Versant Capital Management Inc boosted its stake in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares during the period. Amundi grew its position in KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home in the third quarter valued at approximately $59,000. Institutional investors own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of several analyst reports. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased their price target on KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 26th. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their price target on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.21.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.89% of the stock is owned by insiders.

KB Home Price Performance

Shares of NYSE:KBH opened at $54.63 on Tuesday. The company has a market capitalization of $3.90 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The stock has a fifty day moving average of $62.15 and a 200-day moving average of $71.13. KB Home has a one year low of $54.02 and a one year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 EPS. As a group, equities analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. KB Home’s dividend payout ratio is currently 12.20%.

KB Home Profile

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.