Aster Capital Management DIFC Ltd Takes $592,000 Position in KB Home (NYSE:KBH)

Aster Capital Management DIFC Ltd bought a new stake in KB Home (NYSE:KBH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,006 shares of the construction company's stock, valued at approximately $592,000.

Several other hedge funds have also made changes to their positions in KBH. Xponance Inc. raised its position in KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock worth $645,000 after buying an additional 163 shares during the last quarter. Principal Securities Inc. lifted its position in KB Home by 43.6% in 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 period. Blue Trust Inc. boosted its holdings in KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after purchasing an additional 194 shares in the last quarter. Amundi raised 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 worth $58,000 after buying an additional 201 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

Analyst Ratings Changes

KBH has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. StockNews.com cut shares of KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Wedbush reaffirmed a "neutral" rating and issued a $75.00 target price on shares of KB Home in a report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on shares of KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research report on Tuesday, March 25th. Finally, Bank of America lowered their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $71.21.

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Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.89% of the stock is owned by company insiders.

KB Home Trading Down 1.3 %

Shares of KBH stock traded down $0.68 during mid-day trading on Friday, hitting $50.72. 2,917,078 shares of the company's stock were exchanged, compared to its average volume of 1,310,395. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 5.99, a PEG ratio of 0.90 and a beta of 1.65. 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 has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The stock has a 50-day simple moving average of $60.36 and a two-hundred day simple moving average of $69.92.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $1.76 earnings per share. The firm's quarterly revenue was down 5.2% on a year-over-year basis. Equities analysts expect 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. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio is currently 12.20%.

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.