Occudo Quantitative Strategies LP Purchases New Shares in KB Home (NYSE:KBH)

Occudo Quantitative Strategies LP purchased a new position in shares of KB Home (NYSE:KBH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,579 shares of the construction company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in KB Home by 0.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock worth $2,433,000 after purchasing an additional 206 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its holdings in KB Home by 3.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,440 shares of the construction company's stock valued at $1,080,000 after purchasing an additional 503 shares during the period. Janus Henderson Group PLC increased its position in KB Home by 174.9% in the fourth quarter. Janus Henderson Group PLC now owns 191,988 shares of the construction company's stock worth $12,620,000 after buying an additional 122,145 shares in the last quarter. Ethic Inc. raised its stake in shares of KB Home by 25.0% in the fourth quarter. Ethic Inc. now owns 18,042 shares of the construction company's stock worth $1,186,000 after buying an additional 3,610 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of KB Home by 17.9% in the fourth quarter. Deutsche Bank AG now owns 129,770 shares of the construction company's stock worth $8,528,000 after buying an additional 19,668 shares during the period. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Price Performance

KBH stock traded down $0.41 during mid-day trading on Thursday, hitting $50.97. The company had a trading volume of 196,665 shares, compared to its average volume of 1,299,188. The company has a 50-day moving average price of $55.06 and a 200 day moving average price of $64.61. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 6.02, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH - Get Free Report) last posted 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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. KB Home's quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.96%. KB Home's dividend payout ratio (DPR) is 12.20%.

Insider Activity

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of KB Home stock in a transaction on Friday, May 16th. The shares were 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 $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.89% of the company's stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of several analyst reports. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of KB Home in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 26th. Finally, Bank of America dropped their target price on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $71.23.

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.