WINTON GROUP Ltd Acquires 1,477 Shares of KB Home (NYSE:KBH)

WINTON GROUP Ltd boosted its stake in KB Home (NYSE:KBH) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,718 shares of the construction company’s stock after purchasing an additional 1,477 shares during the quarter. WINTON GROUP Ltd’s holdings in KB Home were worth $1,033,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. grew its stake in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares during the period. Wilmington Savings Fund Society FSB bought a new position in KB Home in the third quarter worth $59,000. Versant Capital Management Inc lifted its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after buying an additional 557 shares during the period. Finally, Amundi boosted its holdings in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KBH shares. Raymond James reissued an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. StockNews.com lowered shares of KB Home from a “hold” rating to a “sell” rating in a report on Wednesday. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Royal Bank of Canada cut their target price on KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and an average price target of $71.21.

KB Home Stock Down 2.4 %

KBH opened at $57.79 on Friday. KB Home has a twelve month low of $56.41 and a twelve month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $63.43 and a 200-day moving average price of $72.41. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 earnings per share. Equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid 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 1.73%. KB Home’s dividend payout ratio is currently 12.20%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.89% of the company’s stock.

About KB Home

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.