iSAM Funds UK Ltd Takes Position in KB Home (NYSE:KBH)

iSAM Funds UK Ltd bought a new stake in shares of KB Home (NYSE:KBH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,982 shares of the construction company's stock, valued at approximately $656,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Twinbeech Capital LP increased its position in KB Home by 187.5% during the 4th quarter. Twinbeech Capital LP now owns 9,033 shares of the construction company's stock valued at $594,000 after purchasing an additional 5,891 shares during the period. Two Sigma Advisers LP increased its position in KB Home by 4,408.6% during the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company's stock valued at $34,372,000 after purchasing an additional 511,400 shares during the period. Two Sigma Investments LP increased its position in KB Home by 1,136.2% during the 4th quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company's stock valued at $27,822,000 after purchasing an additional 389,097 shares during the period. Teza Capital Management LLC increased its position in KB Home by 109.4% during the 4th quarter. Teza Capital Management LLC now owns 5,681 shares of the construction company's stock valued at $373,000 after purchasing an additional 2,968 shares during the period. Finally, Strategic Wealth Partners Ltd. increased its position in KB Home by 31.0% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 4,877 shares of the construction company's stock valued at $313,000 after purchasing an additional 1,153 shares during the period. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on KBH. Wells Fargo & Company cut their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Bank of America cut their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Royal Bank of Canada cut their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. UBS Group cut their price objective on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, KB Home has an average rating of "Hold" and a consensus target price of $71.23.

KB Home Stock Performance

Shares of KBH traded up $0.03 during trading hours on Friday, hitting $51.26. The stock had a trading volume of 1,445,502 shares, compared to its average volume of 1,300,871. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a 50-day moving average price of $54.69 and a 200 day moving average price of $64.09. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.90 and a beta of 1.45.

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). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates 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 for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 earnings per share. As a group, research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.89% of the company's stock.

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.