ExodusPoint Capital Management LP Invests $2.81 Million in KB Home (NYSE:KBH)

ExodusPoint Capital Management LP purchased a new stake in shares of KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,743 shares of the construction company's stock, valued at approximately $2,809,000. ExodusPoint Capital Management LP owned about 0.06% of KB Home as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after acquiring an additional 38,638 shares in the last quarter. Neo Ivy Capital Management bought a new position in KB Home in the 3rd quarter valued at $956,000. Blue Trust Inc. grew its holdings in shares of KB Home by 35.9% during the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock worth $113,000 after purchasing an additional 456 shares during the last quarter. RBA Wealth Management LLC increased its stake in shares of KB Home by 2.0% in the fourth quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock valued at $4,119,000 after buying an additional 1,244 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of KB Home in the fourth quarter valued at about $44,118,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KBH has been the subject of several research reports. Wedbush restated a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their target price on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Raymond James reaffirmed an "outperform" rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, StockNews.com cut KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $71.21.

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Insider Buying and Selling

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 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. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.89% of the stock is owned by company insiders.

KB Home Trading Down 1.3 %

KB Home stock traded down $0.68 during midday trading on Friday, hitting $50.72. 2,917,078 shares of the stock were exchanged, compared to its average volume of 1,310,395. The company has a fifty day simple moving average of $60.36 and a two-hundred day simple moving average of $69.92. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.62 billion, a PE ratio of 5.99, a P/E/G ratio of 0.90 and a beta of 1.65. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $1.76 EPS. The business's quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. KB Home's dividend payout ratio is presently 12.20%.

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.