R Squared Ltd Has $281,000 Holdings in KB Home $KBH

R Squared Ltd lifted its holdings in shares of KB Home (NYSE:KBH) by 49.2% during the second quarter, Holdings Channel.com reports. The firm owned 5,313 shares of the construction company’s stock after acquiring an additional 1,753 shares during the quarter. R Squared Ltd’s holdings in KB Home were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KBH. AQR Capital Management LLC lifted its holdings in shares of KB Home by 116.1% during the first quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company’s stock worth $53,957,000 after purchasing an additional 506,415 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of KB Home by 326.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 456,200 shares of the construction company’s stock worth $26,514,000 after purchasing an additional 349,298 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of KB Home by 408.6% during the second quarter. Assenagon Asset Management S.A. now owns 300,739 shares of the construction company’s stock worth $15,930,000 after purchasing an additional 241,608 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in KB Home by 511.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 196,800 shares of the construction company’s stock worth $10,424,000 after buying an additional 164,600 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in KB Home by 83.5% in the first quarter. Great Lakes Advisors LLC now owns 186,496 shares of the construction company’s stock valued at $10,839,000 after buying an additional 84,875 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Trading Down 0.0%

Shares of NYSE KBH opened at $63.01 on Friday. The firm’s 50-day moving average price is $63.30 and its 200-day moving average price is $57.44. KB Home has a 1-year low of $48.90 and a 1-year high of $85.66. The firm has a market capitalization of $4.08 billion, a P/E ratio of 8.35, a P/E/G ratio of 5.19 and a beta of 1.40.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home’s payout ratio is presently 13.25%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KBH shares. Oppenheimer started coverage on shares of KB Home in a report on Wednesday, September 3rd. They issued a “market perform” rating on the stock. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Wells Fargo & Company boosted their target price on shares of KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, September 2nd. Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $64.36.

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.