Quantbot Technologies LP Acquires 4,816 Shares of KB Home $KBH

Key Points

• Quantbot Technologies LP increased its ownership of KB Home shares by 3.3%, acquiring an additional 4,816 shares in the first quarter, bringing its total to approximately 151,238 shares valued at $8.79 million.
• Several institutional investors have made significant changes to their positions in KB Home, including Aptus Capital Advisors LLC, which increased its stake by 13.3% and others like Virtu Financial LLC, which raised its position by a remarkable 90%.
• KB Home recently announced a quarterly dividend of $0.25 per share, with an annualized dividend yield of 1.6%, further indicating the company's commitment to returning value to shareholders.

Quantbot Technologies LP lifted its holdings in shares of KB Home (NYSE:KBH - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,238 shares of the construction company's stock after acquiring an additional 4,816 shares during the period. Quantbot Technologies LP owned approximately 0.21% of KB Home worth $8,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Aptus Capital Advisors LLC increased its position in shares of KB Home by 13.3% during the first quarter. Aptus Capital Advisors LLC now owns 151,975 shares of the construction company's stock worth $8,833,000 after acquiring an additional 17,797 shares in the last quarter. Brooklyn Investment Group increased its position in shares of KB Home by 1,778.9% during the first quarter. Brooklyn Investment Group now owns 2,405 shares of the construction company's stock worth $140,000 after acquiring an additional 2,277 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of KB Home by 37.3% during the first quarter. Neuberger Berman Group LLC now owns 4,360 shares of the construction company's stock worth $253,000 after acquiring an additional 1,185 shares in the last quarter. AIA Group Ltd bought a new stake in shares of KB Home during the first quarter worth about $258,000. Finally, Virtu Financial LLC increased its position in shares of KB Home by 90.0% during the first quarter. Virtu Financial LLC now owns 18,043 shares of the construction company's stock worth $1,049,000 after acquiring an additional 8,546 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KBH. Wells Fargo & Company reissued an "underweight" rating and set a $52.00 target price (down from $53.00) on shares of KB Home in a research report on Tuesday, June 24th. Keefe, Bruyette & Woods dropped their price target on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, June 26th. Evercore ISI dropped their price target on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. UBS Group dropped their price target on shares of KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Finally, Bank of America reduced their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $66.14.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares in the company, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.89% of the company's stock.

KB Home Price Performance

Shares of NYSE:KBH opened at $62.91 on Monday. The company's fifty day moving average is $55.55 and its 200 day moving average is $56.73. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The stock has a market cap of $4.28 billion, a PE ratio of 8.33, a PEG ratio of 5.05 and a beta of 1.34. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47.

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

KB Home Dividend Announcement

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

About KB Home

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.