Twinbeech Capital LP Purchases 5,891 Shares of KB Home (NYSE:KBH)

Twinbeech Capital LP raised its position in shares of KB Home (NYSE:KBH - Free Report) by 187.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,033 shares of the construction company's stock after buying an additional 5,891 shares during the quarter. Twinbeech Capital LP's holdings in KB Home were worth $594,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KBH. Barclays PLC lifted its stake in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after acquiring an additional 38,638 shares during the last quarter. Assenagon Asset Management S.A. raised its position in KB Home by 7.3% during 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 in the last quarter. SG Americas Securities LLC raised its position 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 purchasing an additional 4,801 shares in the last quarter. Janney Montgomery Scott LLC raised its position 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 purchasing an additional 859 shares in the last quarter. Finally, Inspire Investing LLC raised its position 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 purchasing an additional 1,268 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of KB Home 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 transaction, the director now directly owns 10,262 shares of the company's stock, valued at $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.89% of the company's stock.

Analyst Upgrades and Downgrades

KBH has been the topic of several research analyst reports. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. UBS Group lowered their price target on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company cut their price target on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Wall Street Zen cut shares of KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Finally, Wedbush restated a "neutral" rating and set a $75.00 target price on shares of KB Home in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $71.23.

KB Home Stock Performance

Shares of KBH stock traded down $1.73 during trading hours on Wednesday, hitting $51.57. The company's stock had a trading volume of 144,067 shares, compared to its average volume of 1,295,302. The company has a 50 day moving average of $54.33 and a 200 day moving average of $63.69. The stock has a market cap of $3.70 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data 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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. KB Home's revenue for the quarter was down 5.2% on a year-over-year basis. On average, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio is currently 12.20%.

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.