Entropy Technologies LP Acquires 9,884 Shares of KB Home (NYSE:KBH)

Key Points

• Entropy Technologies LP increased its ownership in KB Home by 105.1%, acquiring nearly 10,000 additional shares, bringing its total to 19,284 shares valued at approximately $1,121,000.
• KB Home recently reported a quarterly EPS of $1.50, exceeding analyst expectations, although its revenue fell by 10.5% year-over-year.
• A quarterly dividend of $0.25 per share has been declared, with a dividend yield of 1.7%, payable to shareholders on August 21st.

Entropy Technologies LP boosted its holdings in KB Home (NYSE:KBH - Free Report) by 105.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,284 shares of the construction company's stock after purchasing an additional 9,884 shares during the quarter. Entropy Technologies LP's holdings in KB Home were worth $1,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in KB Home by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,944 shares of the construction company's stock worth $1,392,000 after purchasing an additional 819 shares in the last quarter. Principal Financial Group Inc. raised its stake in KB Home by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 208,222 shares of the construction company's stock worth $12,102,000 after purchasing an additional 902 shares in the last quarter. Bank of New York Mellon Corp raised its stake in KB Home by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company's stock worth $44,384,000 after purchasing an additional 6,856 shares in the last quarter. GAMMA Investing LLC raised its stake in KB Home by 64.3% in the 1st quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company's stock worth $96,000 after purchasing an additional 649 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of KB Home by 11.5% in the 1st quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock valued at $596,000 after buying an additional 1,057 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Insiders Place Their Bets

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the sale, the chief operating officer directly owned 78,345 shares of the company's stock, valued at $4,193,024.40. The trade was a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.89% of the stock is owned by insiders.

KB Home Price Performance

KBH stock traded down $0.12 during trading on Friday, reaching $62.91. 1,424,154 shares of the company were exchanged, compared to its average volume of 1,451,517. The company has a 50-day moving average of $55.55 and a two-hundred day moving average of $56.88. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 5.06 and a beta of 1.34. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.05. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the company earned $2.15 EPS. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 7th. KB Home's payout ratio is presently 13.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KBH. Bank of America dropped their target price on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. UBS Group dropped their target price on shares of KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Wall Street Zen upgraded shares of KB Home from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays set a $49.00 target price on shares of KB Home and gave the company an "equal weight" rating in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $52.00 target price (down from $53.00) on shares of KB Home in a research report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $66.14.

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.