GAMMA Investing LLC Boosts Stake in KB Home (NYSE:KBH)

GAMMA Investing LLC raised its stake in KB Home (NYSE:KBH - Free Report) by 9,450.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,363 shares of the construction company's stock after acquiring an additional 95,354 shares during the period. GAMMA Investing LLC owned approximately 0.13% of KB Home worth $5,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. increased its holdings in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after purchasing an additional 179 shares in the last quarter. Amundi increased its holdings in KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of KB Home by 1,409.1% in the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock valued at $65,000 after buying an additional 930 shares during the period. Finally, Quarry LP increased its stake in shares of KB Home by 4,540.9% in the fourth quarter. Quarry LP now owns 1,021 shares of the construction company's stock valued at $67,000 after buying an additional 999 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Down 2.6%

NYSE:KBH traded down $1.41 on Friday, hitting $52.36. The stock had a trading volume of 1,055,419 shares, compared to its average volume of 1,305,763. The business's fifty day moving average is $52.93 and its 200 day moving average is $61.57. The company has a market cap of $3.76 billion, a PE ratio of 6.18, a P/E/G ratio of 0.90 and a beta of 1.35. 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.

KB Home (NYSE:KBH - Get Free Report) last announced 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 company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 EPS. On average, equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. KB Home's payout ratio is presently 12.20%.

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. The trade was a 32.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KBH shares. The Goldman Sachs Group decreased their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. UBS Group decreased their target price on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Wells Fargo & Company decreased their target price on KB Home from $55.00 to $53.00 and set an "underweight" rating for the company in a research note on Tuesday, June 3rd. Royal Bank of Canada decreased their target price on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods decreased their target price 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $71.05.

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.