Blueshift Asset Management LLC Purchases 5,740 Shares of KB Home (NYSE:KBH)

Blueshift Asset Management LLC grew its position in KB Home (NYSE:KBH) by 219.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,356 shares of the construction company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. increased its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Versant Capital Management Inc increased its position in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares during the last quarter. Amundi increased its position 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 purchasing an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home during the 3rd quarter valued at approximately $59,000. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KBH shares. Bank of America cut their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Barclays dropped their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price objective on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Finally, Evercore ISI boosted their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.21.

KB Home Price Performance

Shares of KBH stock opened at $61.21 on Friday. KB Home has a twelve month low of $59.00 and a twelve month high of $89.70. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.90 and a beta of 1.89. The stock has a fifty day simple moving average of $64.29 and a two-hundred day simple moving average of $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 (NYSE:KBH) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share 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 business earned $1.85 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

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

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’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 of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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.