Caxton Associates LP Sells 4,696 Shares of KB Home (NYSE:KBH)

Caxton Associates LP lowered its position in KB Home (NYSE:KBH - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,471 shares of the construction company's stock after selling 4,696 shares during the period. Caxton Associates LP's holdings in KB Home were worth $1,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beck Bode LLC raised its position in shares of KB Home by 1.5% during the fourth quarter. Beck Bode LLC now owns 25,071 shares of the construction company's stock worth $1,648,000 after purchasing an additional 359 shares during the period. Aptus Capital Advisors LLC increased its stake in KB Home by 21.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 134,178 shares of the construction company's stock valued at $8,818,000 after purchasing an additional 23,941 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its holdings in KB Home by 16.5% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,627 shares of the construction company's stock worth $370,000 after buying an additional 796 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of KB Home by 120.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,315 shares of the construction company's stock valued at $4,358,000 after buying an additional 36,234 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of KB Home during the fourth quarter valued at about $206,000. Institutional investors own 96.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their target price 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. Barclays lowered their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Evercore ISI lifted their target price on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group cut their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, KB Home presently has a consensus rating of "Hold" and a consensus price target of $71.04.

KB Home Stock Down 0.4 %

KB Home stock opened at $54.73 on Tuesday. The firm has a 50 day moving average price of $56.91 and a 200-day moving average price of $66.48. 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 has a twelve month low of $48.90 and a twelve month high of $89.70. The company has a market capitalization of $3.93 billion, a P/E ratio of 6.46, a P/E/G ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (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 period in the prior year, the business earned $1.76 earnings per share. The business's quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

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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