WINTON GROUP Ltd Boosts Stake in KB Home (NYSE:KBH)

WINTON GROUP Ltd boosted its position in KB Home (NYSE:KBH - Free Report) by 754.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 206,789 shares of the construction company's stock after purchasing an additional 182,595 shares during the period. WINTON GROUP Ltd owned about 0.27% of KB Home worth $14,512,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in KB Home in the fourth quarter valued at about $36,761,000. LSV Asset Management boosted its stake in KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after acquiring an additional 572,800 shares during the last quarter. Swedbank AB purchased a new position in KB Home in the first quarter valued at about $13,047,000. American Century Companies Inc. boosted its stake in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after acquiring an additional 147,326 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in KB Home by 190.8% in the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company's stock valued at $7,348,000 after acquiring an additional 68,697 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Stock Performance

NYSE KBH traded up $3.90 on Friday, hitting $86.04. The stock had a trading volume of 888,339 shares, compared to its average volume of 1,255,293. KB Home has a 52-week low of $42.11 and a 52-week high of $88.31. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The firm has a 50-day moving average of $80.23 and a 200-day moving average of $72.36.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.37. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. As a group, research analysts anticipate that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home's dividend payout ratio (DPR) is currently 13.23%.

Analyst Ratings Changes

KBH has been the topic of a number of research analyst reports. Royal Bank of Canada cut shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 target price on the stock. in a research note on Thursday, September 5th. Evercore ISI upped their price target on shares of KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Wedbush restated a "neutral" rating and set a $67.00 price target on shares of KB Home in a research note on Thursday. The Goldman Sachs Group upped their price target on shares of KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average target price of $73.71.

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.