Quantessence Capital LLC Takes Position in KB Home (NYSE:KBH)

Quantessence Capital LLC acquired a new stake in shares of KB Home (NYSE:KBH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,712 shares of the construction company's stock, valued at approximately $310,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of KB Home during the fourth quarter valued at approximately $49,638,000. Hennessy Advisors Inc. purchased a new stake in KB Home during the 4th quarter valued at $44,118,000. First Trust Advisors LP increased its holdings in shares of KB Home by 61.2% in the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after purchasing an additional 503,895 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of KB Home in the fourth quarter worth $12,288,000. Finally, Quantbot Technologies LP lifted its holdings in shares of KB Home by 4,083.5% during the fourth quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock valued at $9,623,000 after purchasing an additional 142,922 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Up 5.2 %

NYSE KBH opened at $53.71 on Wednesday. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. 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 company has a market capitalization of $3.85 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The stock's 50-day moving average price is $58.50 and its 200-day moving average price is $68.32.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 EPS. On average, equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is 12.20%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Evercore ISI increased their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. UBS Group cut their target price on shares of KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group dropped their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Wedbush reiterated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $71.04.

KB Home Company 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.

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