20,989 Shares in KB Home (NYSE:KBH) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in KB Home (NYSE:KBH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,989 shares of the construction company’s stock, valued at approximately $1,379,000.

A number of other large investors also recently bought and sold shares of KBH. Barclays PLC raised its holdings in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after purchasing an additional 38,638 shares during the period. Assenagon Asset Management S.A. raised its holdings in KB Home by 7.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 27,843 shares of the construction company’s stock worth $1,830,000 after purchasing an additional 1,890 shares during the period. Burney Co. acquired a new position in KB Home in the 4th quarter worth about $230,000. Mirador Capital Partners LP acquired a new position in KB Home in the 4th quarter worth about $239,000. Finally, Hennessy Advisors Inc. acquired a new position in KB Home in the 4th quarter worth about $44,118,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their target price on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Tuesday, March 25th. The Goldman Sachs Group reduced their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Keefe, Bruyette & Woods reduced their target price on KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Barclays reduced their target price on KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and an average target price of $71.23.

KB Home Price Performance

KBH stock opened at $54.27 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The business has a 50 day simple moving average of $55.68 and a 200-day simple moving average of $65.30. The firm has a market capitalization of $3.89 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) 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 analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.76 earnings per share. Equities research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. KB Home’s dividend payout ratio (DPR) is presently 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.