Kapitalo Investimentos Ltda Makes New Investment in KB Home (NYSE:KBH)

Kapitalo Investimentos Ltda acquired a new position in shares of KB Home (NYSE:KBHFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,056 shares of the construction company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Caxton Associates LP raised its holdings in KB Home by 30.4% during the fourth quarter. Caxton Associates LP now owns 25,570 shares of the construction company’s stock worth $1,597,000 after purchasing an additional 5,964 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of KB Home in the 4th quarter valued at $453,000. Rafferty Asset Management LLC increased its holdings in shares of KB Home by 20.0% in the 4th quarter. Rafferty Asset Management LLC now owns 55,161 shares of the construction company’s stock valued at $3,445,000 after acquiring an additional 9,206 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of KB Home in the 4th quarter valued at $1,346,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of KB Home by 222,900.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,460 shares of the construction company’s stock valued at $279,000,000 after acquiring an additional 4,458 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analyst Ratings Changes

KBH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, March 28th. Barclays boosted their price objective on shares of KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada boosted their price objective on shares of KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. boosted their price objective on shares of KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, UBS Group boosted their price objective on shares of KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, KB Home presently has a consensus rating of “Hold” and an average target price of $66.30.

Get Our Latest Stock Report on KB Home

Insider Activity

In other news, EVP Albert Z. Praw sold 22,160 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the transaction, the executive vice president now owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the sale, the director now owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the sale, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. Insiders sold a total of 64,460 shares of company stock valued at $4,384,468 in the last 90 days. 3.52% of the stock is currently owned by insiders.

KB Home Stock Performance

KBH stock traded down $0.98 during trading on Tuesday, hitting $68.54. The stock had a trading volume of 333,060 shares, compared to its average volume of 1,162,124. The company’s 50 day moving average price is $67.91 and its two-hundred day moving average price is $64.75. KB Home has a 1-year low of $42.11 and a 1-year high of $74.65. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.77 and a beta of 1.77.

KB Home (NYSE:KBHGet Free Report) last announced its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is currently 13.61%.

KB Home Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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