iSAM Funds UK Ltd Acquires New Stake in KB Home (NYSE:KBH)

iSAM Funds UK Ltd acquired a new stake in KB Home (NYSE:KBH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,982 shares of the construction company’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in KB Home by 65.6% in the fourth 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 period. Principal Securities Inc. increased its holdings in 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 purchasing an additional 179 shares during the period. Amundi increased its holdings in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after purchasing an additional 201 shares during the period. Headlands Technologies LLC increased its holdings in KB Home by 1,409.1% in the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company’s stock valued at $65,000 after purchasing an additional 930 shares during the period. Finally, Quarry LP increased its holdings in KB Home by 4,540.9% in the fourth quarter. Quarry LP now owns 1,021 shares of the construction company’s stock valued at $67,000 after purchasing an additional 999 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the transaction, the director now owns 10,262 shares of the company’s stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KBH shares. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wedbush reiterated a “neutral” rating and set a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. The Goldman Sachs Group decreased their price target on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, March 7th. StockNews.com downgraded KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Finally, Raymond James reiterated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two investment 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.com, the company has an average rating of “Hold” and an average price target of $71.23.

KB Home Price Performance

KBH stock opened at $53.91 on Tuesday. The stock has a market capitalization of $3.87 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. The company’s 50-day moving average is $55.37 and its 200-day moving average is $64.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. Equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. 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.