Versor Investments LP Raises Stock Position in KB Home (NYSE:KBH)

Versor Investments LP grew its stake in KB Home (NYSE:KBH) by 103.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,557 shares of the construction company’s stock after buying an additional 9,425 shares during the period. Versor Investments LP’s holdings in KB Home were worth $1,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of KB Home by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares in the last quarter. Principal Securities Inc. raised its holdings in 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 buying an additional 179 shares during the last quarter. Blue Trust Inc. raised its holdings in KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after buying an additional 194 shares during the last quarter. Jupiter Wealth Management LLC raised its holdings in KB Home by 1.2% during the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after buying an additional 225 shares during the last quarter. Finally, Pathstone Holdings LLC raised its holdings in KB Home by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock valued at $1,759,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, January 28th. UBS Group lowered their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Evercore ISI upped their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus target price of $76.21.

KB Home Stock Down 1.8 %

NYSE:KBH opened at $61.01 on Friday. The firm’s 50-day moving average price is $65.48 and its 200-day moving average price is $75.46. The company has a market capitalization of $4.40 billion, a PE ratio of 7.20, a P/E/G ratio of 0.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 1-year low of $59.89 and a 1-year high of $89.70.

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

KB Home Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

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.