Counterpoint Mutual Funds LLC Acquires New Position in KB Home (NYSE:KBH)

Counterpoint Mutual Funds LLC acquired a new position in KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,742 shares of the construction company's stock, valued at approximately $640,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. grew its position in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after purchasing an additional 179 shares during the period. Versant Capital Management Inc raised its stake in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after buying an additional 557 shares during the last quarter. Amundi lifted its holdings in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after buying an additional 201 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of KB Home in the 3rd quarter worth $59,000. Institutional investors own 96.09% of the company's stock.

KB Home Price Performance

NYSE:KBH traded down $1.67 on Friday, reaching $59.61. 4,457,460 shares of the company's stock traded hands, compared to its average volume of 1,222,439. The firm has a market cap of $4.26 billion, a PE ratio of 7.04, a P/E/G ratio of 0.90 and a beta of 1.89. 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 50-day simple moving average of $64.29 and a 200-day simple moving average of $73.34. KB Home has a 12 month low of $58.82 and a 12 month high of $89.70.

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KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the previous year, the firm earned $1.85 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.68%. KB Home's payout ratio is 11.81%.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on KBH shares. Barclays reduced their price objective on KB Home from $85.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Evercore ISI increased their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. Royal Bank of Canada upgraded shares of KB Home from an "underperform" rating to a "sector perform" rating and cut their target price for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Wells Fargo & Company reduced their target price on shares of KB Home from $65.00 to $63.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Finally, Bank of America dropped their price target on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, KB Home currently has an average rating of "Hold" and a consensus price target of $75.21.

KB Home 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.