Virtu Financial LLC Has $624,000 Position in KB Home (NYSE:KBH)

Virtu Financial LLC raised its stake in shares of KB Home (NYSE:KBH) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,497 shares of the construction company’s stock after purchasing an additional 1,537 shares during the quarter. Virtu Financial LLC’s holdings in KB Home were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KBH. Jones Financial Companies Lllp lifted its holdings in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. raised its stake in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares in the last quarter. Amundi grew its position in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after acquiring an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KB Home during the 3rd quarter valued at $59,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Performance

KBH stock opened at $58.56 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a twelve month low of $56.41 and a twelve month high of $89.70. The company has a market cap of $4.18 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business’s fifty day moving average is $63.99 and its 200-day moving average is $72.81.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm 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%. KB Home’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.76 EPS. Equities research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.71%. KB Home’s payout ratio is 11.81%.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays reduced their price objective on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group decreased their price target on shares of KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KB Home presently has an average rating of “Hold” and an average target price of $72.13.

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.