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

Two Sigma Investments LP grew its position in KB Home (NYSE:KBH - Free Report) by 1,136.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 423,341 shares of the construction company's stock after acquiring an additional 389,097 shares during the quarter. Two Sigma Investments LP owned about 0.59% of KB Home worth $27,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. lifted its position in shares of KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after acquiring an additional 163 shares in the last quarter. Principal Securities Inc. lifted its position in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Blue Trust Inc. lifted its position in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock worth $96,000 after buying an additional 194 shares in the last quarter. Amundi lifted its position in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after buying an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock worth $2,433,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 10,262 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.89% of the company's stock.

KB Home Trading Up 2.6%

Shares of NYSE KBH traded up $1.32 during trading on Tuesday, reaching $52.56. The stock had a trading volume of 210,260 shares, compared to its average volume of 1,296,594. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. 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 business's 50-day moving average price is $54.49 and its 200-day moving average price is $63.76. The company has a market cap of $3.77 billion, a P/E ratio of 6.22, a PEG ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The company's quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts predict 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. Stockholders of record on Thursday, May 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, May 8th. KB Home's payout ratio is currently 12.20%.

Analyst Upgrades and Downgrades

KBH has been the topic of a number of analyst reports. Wedbush reiterated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Wall Street Zen downgraded KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their price objective on KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Barclays reduced their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $71.23.

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.