Virtu Financial LLC Invests $1.08 Million in KB Home (NYSE:KBH)

Virtu Financial LLC acquired a new position in KB Home (NYSE:KBH) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,205 shares of the construction company’s stock, valued at approximately $1,078,000.

Several other hedge funds and other institutional investors have also modified their holdings of KBH. Pacer Advisors Inc. grew its stake in shares of KB Home by 58.9% in the fourth quarter. Pacer Advisors Inc. now owns 14,878 shares of the construction company’s stock worth $929,000 after acquiring an additional 5,513 shares during the last quarter. Ballentine Partners LLC bought a new position in KB Home in the fourth quarter worth $416,000. International Assets Investment Management LLC bought a new position in KB Home in the fourth quarter worth $733,000. DekaBank Deutsche Girozentrale lifted its position in KB Home by 131.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 10,822 shares of the construction company’s stock worth $679,000 after purchasing an additional 6,155 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in KB Home by 3.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Transactions at KB Home

In other news, Director Thomas W. Gilligan sold 3,914 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the transaction, the director now directly owns 48,217 shares in the company, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Albert Z. Praw sold 22,160 shares of KB Home stock in a transaction dated 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 transaction, the executive vice president now owns 135,512 shares in the company, valued at approximately $9,500,746.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas W. Gilligan sold 3,914 shares of KB Home stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now owns 48,217 shares in the company, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. Corporate insiders own 4.44% of the company’s stock.

KB Home Stock Down 2.2 %

Shares of KBH stock opened at $81.09 on Friday. The stock has a 50-day moving average price of $72.90 and a 200 day moving average price of $68.09. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.84 and a beta of 1.80. KB Home has a 12 month low of $42.11 and a 12 month high of $88.31.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. Sell-side analysts predict that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. KB Home’s payout ratio is currently 13.23%.

Wall Street Analyst Weigh In

Several research analysts recently commented on KBH shares. Wedbush raised their target price on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Zelman & Associates reissued an “underperform” rating and set a $69.00 price objective on shares of KB Home in a report on Monday, May 13th. Royal Bank of Canada lifted their price objective on KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. Evercore ISI lifted their price objective on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, StockNews.com cut KB Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.88.

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.