Militia Capital Partners LP Makes New $849,000 Investment in KB Home $KBH

Key Points

• Militia Capital Partners LP invested $849,000 in KB Home, acquiring 14,600 shares, as part of its strategy in the first quarter, highlighting institutional interest in the construction company.
• COO Robert V. Mcgibney sold 14,000 shares of KB Home stock recently, which decreased his ownership by 15.16% and reflects potential insider activity affecting market perception.
• KB Home's stock has seen a target price adjustment by analysts, with Zacks upgrading the rating from "strong sell" to "hold," indicating a shift in analyst sentiment towards the company's outlook.

Militia Capital Partners LP bought a new position in shares of KB Home (NYSE:KBH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 14,600 shares of the construction company's stock, valued at approximately $849,000.

A number of other institutional investors have also modified their holdings of KBH. Two Sigma Advisers LP grew its holdings in shares of 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 worth $34,372,000 after purchasing an additional 511,400 shares during the period. AQR Capital Management LLC grew its holdings in shares of KB Home by 116.1% during the 1st quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company's stock worth $53,957,000 after purchasing an additional 506,415 shares during the period. Two Sigma Investments LP grew its holdings in shares of 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 worth $27,822,000 after purchasing an additional 389,097 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of KB Home by 326.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 456,200 shares of the construction company's stock worth $26,514,000 after purchasing an additional 349,298 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of KB Home during the 4th quarter worth about $19,526,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Thursday, June 26th. Wells Fargo & Company lifted their price target on shares of KB Home from $50.00 to $60.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 2nd. 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 research report on Tuesday, June 24th. Bank of America dropped their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Finally, Zacks Research raised KB Home from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $66.86.

Insiders Place Their Bets

In related news, COO Robert V. Mcgibney sold 14,000 shares of KB Home 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 in the company, valued at $4,193,024.40. This trade represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

KB Home Stock Performance

KBH stock traded up $0.88 during mid-day trading on Wednesday, reaching $66.24. The company had a trading volume of 496,243 shares, compared to its average volume of 1,455,413. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.51 billion, a P/E ratio of 8.78, a P/E/G ratio of 5.30 and a beta of 1.36. KB Home has a one year low of $48.90 and a one year high of $89.70. The stock's 50-day simple moving average is $60.58 and its two-hundred day simple moving average is $56.86.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.45 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.25 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.00 annualized dividend and a yield of 1.5%. KB Home's dividend payout ratio (DPR) is currently 13.25%.

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.