Edgestream Partners L.P. Invests $4.36 Million in KB Home (NYSE:KBH)

Edgestream Partners L.P. purchased a new position in shares of KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 66,375 shares of the construction company's stock, valued at approximately $4,362,000. Edgestream Partners L.P. owned 0.09% of KB Home as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KBH. Van ECK Associates Corp increased its stake in shares of KB Home by 40.0% during the third quarter. Van ECK Associates Corp now owns 44,117 shares of the construction company's stock worth $3,780,000 after acquiring an additional 12,605 shares during the period. Assetmark Inc. increased its stake in shares of KB Home by 2.4% during the third quarter. Assetmark Inc. now owns 63,009 shares of the construction company's stock worth $5,399,000 after acquiring an additional 1,502 shares during the period. Atria Investments Inc increased its stake in shares of KB Home by 19.9% during the third quarter. Atria Investments Inc now owns 7,610 shares of the construction company's stock worth $652,000 after acquiring an additional 1,262 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of KB Home by 12.7% during the third quarter. Crossmark Global Holdings Inc. now owns 7,583 shares of the construction company's stock worth $649,000 after acquiring an additional 854 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of KB Home by 21.1% during the third quarter. Los Angeles Capital Management LLC now owns 29,218 shares of the construction company's stock worth $2,504,000 after acquiring an additional 5,094 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on KBH shares. UBS Group lowered their target price on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada upgraded shares of KB Home from an "underperform" rating to a "sector perform" rating and lowered their target price for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. The Goldman Sachs Group lowered their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of KB Home from $70.00 to $65.00 and set an "underweight" rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KB Home presently has a consensus rating of "Hold" and a consensus target price of $75.38.

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Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm's 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.44% of the company's stock.

KB Home Price Performance

KB Home stock opened at $64.00 on Friday. KB Home has a 52-week low of $59.00 and a 52-week high of $89.70. The firm has a fifty day moving average of $64.99 and a 200-day moving average of $74.71. The firm has a market capitalization of $4.62 billion, a P/E ratio of 7.56, a PEG 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.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. As a group, analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, February 6th. KB Home's payout ratio is 11.81%.

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.

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