9,400 Shares in KB Home (NYSE:KBH) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of KB Home (NYSE:KBH) during the 4th quarter, Holdings Channel.com reports. The fund acquired 9,400 shares of the construction company’s stock, valued at approximately $618,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the period. Holocene Advisors LP purchased a new stake in KB Home in the 3rd quarter valued at approximately $89,899,000. Hennessy Advisors Inc. acquired a new position in KB Home during the 4th quarter worth approximately $44,118,000. Charles Schwab Investment Management Inc. raised its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of KB Home by 201.8% in the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock valued at $18,564,000 after buying an additional 144,854 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Trading Up 0.2 %

Shares of KBH stock opened at $64.22 on Wednesday. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.96 and a beta of 1.86. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $68.50 and a 200 day moving average price of $77.09. KB Home has a twelve month low of $60.00 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted $1.85 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. Research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

Analyst Ratings Changes

Several research analysts have issued reports on KBH shares. JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their target price for the company from $70.00 to $67.00 in a report on Friday, January 10th. UBS Group decreased their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays lowered their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $76.21.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.44% of the company’s stock.

KB Home Company 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.