Point72 Hong Kong Ltd Purchases Shares of 20,989 KB Home (NYSE:KBH)

Point72 Hong Kong Ltd acquired a new stake in KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,989 shares of the construction company's stock, valued at approximately $1,379,000.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on KBH. The Goldman Sachs Group lowered their price target on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Wedbush restated a "neutral" rating and set a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. UBS Group cut their price target on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods decreased their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, March 26th. Two 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 stock. Based on data from MarketBeat, KB Home has a consensus rating of "Hold" and an average price target of $71.23.

KB Home Trading Down 2.1%

Shares of KBH stock traded down $1.14 on Monday, reaching $53.91. The company had a trading volume of 612,722 shares, compared to its average volume of 1,309,069. The stock has a market cap of $3.87 billion, a PE ratio of 6.36, a PEG ratio of 0.90 and a beta of 1.45. The company has a 50-day moving average of $55.52 and a 200-day moving average of $64.95. 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 12 month low of $48.90 and a 12 month high of $89.70.

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

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio is currently 12.20%.

Insider Buying and Selling

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, the director now directly owns 10,262 shares of the company's stock, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.89% of the stock is currently owned by company insiders.

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.