Centiva Capital LP Acquires 18,982 Shares of KB Home (NYSE:KBH)

Centiva Capital LP increased its stake in KB Home (NYSE:KBH - Free Report) by 124.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,196 shares of the construction company's stock after purchasing an additional 18,982 shares during the quarter. Centiva Capital LP's holdings in KB Home were worth $2,247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after acquiring an additional 38,638 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter worth approximately $59,000. Franklin Resources Inc. raised its stake in KB Home by 12.1% in the third quarter. Franklin Resources Inc. now owns 65,715 shares of the construction company's stock valued at $5,337,000 after purchasing an additional 7,100 shares in the last quarter. Versant Capital Management Inc lifted its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after purchasing an additional 557 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in KB Home by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 152,056 shares of the construction company's stock worth $10,059,000 after buying an additional 6,195 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Down 3.2 %

Shares of NYSE KBH opened at $52.93 on Wednesday. The firm's fifty day moving average is $56.74 and its 200 day moving average is $66.39. 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 cap of $3.80 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data 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 for 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 business's revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share. On average, equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, May 8th. KB Home's payout ratio is currently 12.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KBH shares. Barclays dropped their price objective on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, March 26th. StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group dropped their target price 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Three research 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $71.04.

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.

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