Two Sigma Investments LP Grows Position in KB Home (NYSE:KBH)

Two Sigma Investments LP grew its holdings in KB Home (NYSE:KBH - Free Report) by 1,136.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,341 shares of the construction company's stock after purchasing an additional 389,097 shares during the period. Two Sigma Investments LP owned approximately 0.59% of KB Home worth $27,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KBH. Barclays PLC lifted its stake in shares of KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after purchasing an additional 38,638 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of KB Home by 7.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 27,843 shares of the construction company's stock valued at $1,830,000 after purchasing an additional 1,890 shares during the last quarter. SG Americas Securities LLC boosted its holdings in KB Home by 109.3% during the 4th quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company's stock valued at $604,000 after acquiring an additional 4,801 shares during the period. Janney Montgomery Scott LLC boosted its holdings in KB Home by 4.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,791 shares of the construction company's stock valued at $1,432,000 after acquiring an additional 859 shares during the period. Finally, Inspire Investing LLC boosted its holdings in KB Home by 4.1% during the 4th quarter. Inspire Investing LLC now owns 32,122 shares of the construction company's stock valued at $2,111,000 after acquiring an additional 1,268 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Stock Up 0.1%

KBH stock traded up $0.03 during mid-day trading on Friday, reaching $51.26. The company 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 company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. The firm has a fifty day simple moving average of $54.69 and a 200 day simple moving average of $64.20. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The company 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%. KB Home's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 EPS. Analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

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

Insider Transactions at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction dated 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 owns 10,262 shares of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KBH. The Goldman Sachs Group lowered their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Wells Fargo & Company lowered their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Barclays lowered their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Finally, Royal Bank of Canada lowered their target price on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KB Home presently has an average rating of "Hold" and an average target price of $71.23.

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.