Entropy Technologies LP Invests $618,000 in KB Home (NYSE:KBH)

Entropy Technologies LP acquired a new stake in KB Home (NYSE:KBH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,400 shares of the construction company’s stock, valued at approximately $618,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its stake in shares of KB Home by 103.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 42,631 shares of the construction company’s stock valued at $2,802,000 after acquiring an additional 21,675 shares during the period. Vest Financial LLC increased its holdings in KB Home by 117.4% in the 4th quarter. Vest Financial LLC now owns 36,899 shares of the construction company’s stock valued at $2,425,000 after purchasing an additional 19,927 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in KB Home by 143.9% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,200 shares of the construction company’s stock valued at $2,116,000 after purchasing an additional 19,000 shares during the period. Strategic Financial Concepts LLC acquired a new position in KB Home during the fourth quarter worth $1,427,000. Finally, Choreo LLC purchased a new position in shares of KB Home during the fourth quarter worth $216,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was 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 of the company’s stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.44% of the stock is owned by corporate insiders.

KB Home Stock Performance

Shares of KBH stock opened at $64.22 on Wednesday. The company has a market cap of $4.63 billion, a P/E ratio of 7.58, a PEG ratio of 0.96 and a beta of 1.86. The firm has a fifty day moving average price of $68.50 and a 200 day moving average price of $77.09. 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 $60.00 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm posted $1.85 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business 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 $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.56%. KB Home’s dividend payout ratio is currently 11.81%.

Analyst Upgrades and Downgrades

KBH has been the topic of several research analyst reports. Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Evercore ISI raised their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. UBS Group cut their target price on shares of 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, Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.21.

KB Home 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.