Counterpoint Mutual Funds LLC Makes New $640,000 Investment in KB Home (NYSE:KBH)

Counterpoint Mutual Funds LLC purchased a new stake in KB Home (NYSE:KBH) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 9,742 shares of the construction company’s stock, valued at approximately $640,000.

Several other institutional investors have also modified their holdings of KBH. Jones Financial Companies Lllp boosted its holdings in KB Home by 65.6% in the fourth 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 period. Principal Securities Inc. boosted its stake in shares of KB Home by 43.6% in 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 period. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Home in the 3rd quarter valued at about $59,000. Banque Cantonale Vaudoise acquired a new position in shares of KB Home during the third quarter worth about $61,000. Finally, Versant Capital Management Inc increased its stake in shares of KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased 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 research note on Friday, January 17th. Barclays lowered their target price on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Evercore ISI raised their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their price objective for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, KB Home currently has an average rating of “Hold” and a consensus price target of $75.21.

KB Home Trading Up 1.2 %

KBH opened at $60.59 on Monday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. The business’s 50 day moving average is $64.62 and its two-hundred day moving average is $73.84. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. On average, research analysts predict that KB Home will post 8.42 EPS for the current 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 issued a $0.25 dividend. 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 1.65%. KB Home’s payout ratio is 11.81%.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.