Farringdon Capital Ltd. Acquires New Stake in KB Home (NYSE:KBH)

Farringdon Capital Ltd. purchased a new stake in shares of KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,710 shares of the construction company's stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of KB Home in the fourth quarter worth $49,638,000. Hennessy Advisors Inc. purchased a new stake in shares of KB Home during the fourth quarter worth about $44,118,000. Raymond James Financial Inc. bought a new stake in shares of KB Home in the fourth quarter worth about $12,288,000. Quantbot Technologies LP increased its holdings in KB Home by 4,083.5% during the 4th quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock valued at $9,623,000 after purchasing an additional 142,922 shares during the period. Finally, JPMorgan Chase & Co. raised its position in KB Home by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 727,809 shares of the construction company's stock valued at $47,832,000 after purchasing an additional 142,913 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Up 0.9 %

Shares of KB Home stock traded up $0.50 on Wednesday, reaching $54.16. The company's stock had a trading volume of 416,111 shares, compared to its average volume of 1,314,463. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 0.90 and a beta of 1.65. 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 52 week low of $48.90 and a 52 week high of $89.70. The firm's fifty day simple moving average is $58.50 and its two-hundred day simple moving average is $68.32.

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

KB Home Announces Dividend

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

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.89% of the company's stock.

Wall Street Analyst Weigh In

KBH has been the topic of several research analyst reports. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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. The Goldman Sachs Group lowered their price objective 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. Bank of America reduced their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Three 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.