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

WINTON GROUP Ltd increased its holdings in KB Home (NYSE:KBH) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,718 shares of the construction company’s stock after acquiring an additional 1,477 shares during the period. 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 institutional investors and hedge funds also recently modified their holdings of KBH. Xponance Inc. grew its holdings in KB Home by 1.7% during the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares during the period. Principal Securities Inc. lifted its holdings in KB Home by 43.6% during the fourth 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. Blue Trust Inc. boosted its position in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after purchasing an additional 194 shares during the period. Amundi lifted its stake 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. Finally, Jones Financial Companies Lllp boosted its holdings in 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 buying an additional 214 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KBH shares. The Goldman Sachs Group dropped their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Bank of America reduced their target price on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Wedbush reissued a “neutral” rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reduced their price target on shares of KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.21.

KB Home Stock Performance

Shares of NYSE KBH opened at $57.79 on Friday. The stock’s 50-day moving average is $63.43 and its 200 day moving average is $72.41. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 1-year low of $56.41 and a 1-year high of $89.70. 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 posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business posted $1.76 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 (DPR) is currently 12.20%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.89% 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.