KB Home (NYSE:KBH) Shares Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC boosted its holdings in shares of KB Home (NYSE:KBH) by 219.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,356 shares of the construction company’s stock after buying an additional 5,740 shares during the quarter. Blueshift Asset Management LLC’s holdings in KB Home were worth $549,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. increased its position in KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after buying an additional 163 shares in the last quarter. Intech Investment Management LLC increased its position in KB Home by 16.3% during the 4th quarter. Intech Investment Management LLC now owns 60,100 shares of the construction company’s stock valued at $3,950,000 after buying an additional 8,413 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in KB Home during the 4th quarter valued at about $640,000. Cibc World Markets Corp acquired a new position in KB Home during the 4th quarter valued at about $400,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in KB Home during the 4th quarter valued at about $979,000. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of KBH stock opened at $61.21 on Friday. The company has a market capitalization of $4.37 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.90 and a beta of 1.89. The business’s 50 day moving average is $64.29 and its two-hundred day moving average is $73.34. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12-month low of $59.00 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 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 up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 earnings per share. Analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays cut their price objective 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. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Finally, Raymond James reissued an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.21.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.