4,579 Shares in KB Home (NYSE:KBH) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought 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 SEC. The fund bought 4,579 shares of the construction company's stock, valued at approximately $301,000.

Several other hedge funds have also modified their holdings of the business. Barclays PLC lifted its position in KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after buying an additional 38,638 shares during the period. Blue Trust Inc. increased its stake in shares of KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock valued at $113,000 after acquiring an additional 456 shares during the last quarter. RBA Wealth Management LLC increased its stake in shares of KB Home by 2.0% during the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock valued at $4,119,000 after acquiring an additional 1,244 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of KB Home in the fourth quarter worth approximately $44,118,000. Finally, SG Americas Securities LLC grew its holdings in KB Home by 109.3% in the fourth quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company's stock valued at $604,000 after purchasing an additional 4,801 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. UBS Group cut their price target on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Wedbush reissued a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Raymond James reaffirmed an "outperform" rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $71.23.

Insider Transactions at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the sale, the director now directly owns 10,262 shares of the company's stock, valued at approximately $558,047.56. This represents a 32.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.89% of the stock is currently owned by company insiders.

KB Home Stock Down 1.5%

NYSE KBH traded down $0.80 during trading on Tuesday, reaching $53.16. The company's stock had a trading volume of 674,795 shares, compared to its average volume of 1,306,543. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.81 billion, a PE ratio of 6.28, a PEG ratio of 0.90 and a beta of 1.45. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The business has a 50-day moving average price of $55.37 and a 200-day moving average price of $64.78.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly 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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $1.76 EPS. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid 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 1.88%. KB Home's dividend payout ratio (DPR) is 12.20%.

About KB Home

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.