Entropy Technologies LP Invests $618,000 in KB Home (NYSE:KBH)

Entropy Technologies LP bought a new stake in shares of KB Home (NYSE:KBH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,400 shares of the construction company's stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBH. Cetera Investment Advisers grew its position in shares of KB Home by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 23,097 shares of the construction company's stock valued at $1,621,000 after acquiring an additional 698 shares during the period. CWM LLC lifted its stake in shares of KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company's stock valued at $169,000 after buying an additional 183 shares in the last quarter. Creative Planning lifted its stake in shares of KB Home by 36.8% during the 3rd quarter. Creative Planning now owns 32,372 shares of the construction company's stock valued at $2,774,000 after buying an additional 8,710 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of KB Home during the 3rd quarter valued at approximately $420,000. Finally, Blue Trust Inc. lifted its stake in shares of KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company's stock valued at $109,000 after buying an additional 241 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

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 shares were sold at an average price of $68.77, for a total value 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 SEC, which is accessible through the SEC website. 4.44% of the stock is owned by insiders.

KB Home Price Performance

Shares of KB Home stock traded up $0.79 on Friday, hitting $64.96. 1,034,588 shares of the company traded hands, compared to its average volume of 1,626,209. The firm's 50-day simple moving average is $67.25 and its 200 day simple moving average is $76.57. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.69 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.96 and a beta of 1.86. KB Home has a 12-month low of $60.26 and a 12-month high of $89.70.

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

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, February 6th. KB Home's dividend payout ratio is currently 11.81%.

Wall Street Analysts Forecast Growth

KBH has been the topic of a number of recent research reports. Seaport Res Ptn upgraded shares of KB Home from a "strong sell" rating to a "hold" 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 dropped their price target for the company from $70.00 to $67.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Barclays dropped their price target on shares of KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Finally, 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 note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, KB Home currently has a consensus rating of "Hold" and a consensus target price of $76.21.

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.