Quantbot Technologies LP Buys 142,922 Shares of KB Home (NYSE:KBH)

Quantbot Technologies LP raised its holdings in KB Home (NYSE:KBH - Free Report) by 4,083.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,422 shares of the construction company's stock after buying an additional 142,922 shares during the quarter. Quantbot Technologies LP owned 0.20% of KB Home worth $9,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its holdings in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp increased its holdings in KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock valued at $303,285,000 after buying an additional 45,311 shares during the period. Fisher Asset Management LLC increased its holdings in KB Home by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after buying an additional 75,143 shares during the period. Geode Capital Management LLC increased its holdings in KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock valued at $166,125,000 after buying an additional 16,593 shares during the period. Finally, Holocene Advisors LP bought a new stake in KB Home in the 3rd quarter valued at $89,899,000. Institutional investors own 96.09% of the company's stock.

KB Home Price Performance

NYSE KBH traded down $0.38 on Tuesday, hitting $60.23. 1,204,436 shares of the company were exchanged, compared to its average volume of 1,208,536. The firm has a 50 day moving average of $64.53 and a two-hundred day moving average of $73.68. The company has a market cap of $4.30 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 1-year low of $59.00 and a 1-year high of $89.70.

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KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.99 billion. During the same period in the prior year, the company posted $1.85 EPS. The company's revenue was up 19.5% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. KB Home's payout ratio is presently 11.81%.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.44% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KBH. Raymond James restated an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Bank of America reduced their target price 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. UBS Group reduced 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. Finally, Keefe, Bruyette & Woods reduced 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 note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, KB Home presently has a consensus rating of "Hold" and a consensus target price 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.