Campbell & CO Investment Adviser LLC Grows Holdings in KB Home $KBH

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in KB Home by 102.0% during the first quarter, owning approximately $2.09 million worth of shares.
• KB Home reported $1.50 earnings per share for the last quarter, exceeding expectations while experiencing a 10.5% year-over-year revenue decline to $1.53 billion.
• The company announced a quarterly dividend of $0.25 per share, representing a 1.5% yield based on an annualized dividend of $1.00.

Campbell & CO Investment Adviser LLC raised its stake in KB Home (NYSE:KBH - Free Report) by 102.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,931 shares of the construction company's stock after buying an additional 18,139 shares during the period. Campbell & CO Investment Adviser LLC owned 0.05% of KB Home worth $2,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Systematic Financial Management LP grew its stake in shares of KB Home by 0.4% during the first quarter. Systematic Financial Management LP now owns 492,440 shares of the construction company's stock worth $28,621,000 after buying an additional 2,137 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of KB Home during the first quarter worth $60,000. Van Hulzen Asset Management LLC increased its position in shares of KB Home by 199.9% during the first quarter. Van Hulzen Asset Management LLC now owns 6,001 shares of the construction company's stock worth $349,000 after buying an additional 4,000 shares during the period. Hsbc Holdings PLC bought a new position in KB Home during the first quarter worth $209,000. Finally, Quantbot Technologies LP boosted its stake in KB Home by 3.3% during the first quarter. Quantbot Technologies LP now owns 151,238 shares of the construction company's stock worth $8,790,000 after acquiring an additional 4,816 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

Wall Street Analyst Weigh In

KBH has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $52.00 price objective (down from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. Barclays set a $49.00 price target on shares of KB Home and gave the company an "equal weight" rating in a research report on Tuesday, June 24th. Evercore ISI decreased their price objective on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of KB Home from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Bank of America reduced 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 note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, KB Home has a consensus rating of "Hold" and an average target price of $66.14.

KB Home Trading Up 0.1%

Shares of NYSE KBH traded up $0.05 during mid-day trading on Friday, hitting $63.50. The stock had a trading volume of 402,550 shares, compared to its average volume of 1,476,077. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. The business has a 50 day moving average price of $57.43 and a two-hundred day moving average price of $56.68. The firm has a market cap of $4.32 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 5.09 and a beta of 1.34.

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

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. KB Home's dividend payout ratio is currently 13.25%.

Insider Buying and Selling at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value 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. This represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.89% of the stock is owned by corporate insiders.

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.