Blueshift Asset Management LLC Buys 5,740 Shares of KB Home (NYSE:KBH)

Blueshift Asset Management LLC boosted its stake in KB Home (NYSE:KBH - Free Report) by 219.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,356 shares of the construction company's stock after buying an additional 5,740 shares during the quarter. Blueshift Asset Management LLC's holdings in KB Home were worth $549,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its holdings in shares of KB Home by 11.0% during the 3rd quarter. Natixis Advisors LLC now owns 29,868 shares of the construction company's stock valued at $2,559,000 after buying an additional 2,960 shares during the last quarter. Quest Partners LLC raised its position in KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company's stock valued at $87,000 after acquiring an additional 1,016 shares in the last quarter. Pathstone Holdings LLC lifted its stake in KB Home by 1.3% in the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company's stock valued at $1,759,000 after acquiring an additional 263 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in KB Home in the third quarter worth approximately $61,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of KB Home during the 3rd quarter worth $2,151,000. Institutional investors and hedge funds own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KBH. Barclays decreased their price objective on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday. UBS Group decreased their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday. The Goldman Sachs Group cut their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price target on KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $72.13.

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Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.89% of the stock is currently owned by company insiders.

KB Home Stock Performance

KB Home stock traded down $3.23 during mid-day trading on Tuesday, reaching $58.56. The company had a trading volume of 5,430,075 shares, compared to its average volume of 1,220,036. 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 firm has a market cap of $4.18 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 0.90 and a beta of 1.89. The company has a 50 day moving average of $64.17 and a 200-day moving average of $72.95. KB Home has a 52 week low of $58.80 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The firm's quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's payout ratio is presently 11.81%.

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.