Two Sigma Advisers LP Purchases 511,400 Shares of KB Home (NYSE:KBH)

Two Sigma Advisers LP lifted its stake in KB Home (NYSE:KBH - Free Report) by 4,408.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 523,000 shares of the construction company's stock after purchasing an additional 511,400 shares during the period. Two Sigma Advisers LP owned 0.72% of KB Home worth $34,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KBH. Barclays PLC lifted its stake in KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after buying an additional 38,638 shares during the period. Assenagon Asset Management S.A. grew its position in shares of 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 worth $1,830,000 after buying an additional 1,890 shares during the period. SG Americas Securities LLC increased its stake in shares of KB Home by 109.3% in 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 last quarter. Janney Montgomery Scott LLC raised its position in shares of KB Home by 4.1% in 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 raised its position in shares of KB Home by 4.1% in 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. 96.09% of the stock is currently owned by institutional investors.

Insider Activity

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 value of $271,900.00. Following the completion of the transaction, the director now owns 10,262 shares in the company, valued at $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 available at the SEC website. 3.89% of the stock is owned by corporate insiders.

KB Home Stock Up 0.1%

KBH stock traded up $0.03 during trading hours on Monday, reaching $51.26. 1,445,502 shares of the stock were exchanged, compared to its average volume of 1,300,871. The firm's 50-day moving average is $54.69 and its 200-day moving average is $63.98. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

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

KB Home Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. KB Home's dividend payout ratio is currently 12.20%.

Analyst Ratings Changes

Several brokerages have commented on KBH. Wedbush reaffirmed a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Royal Bank of Canada decreased their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Bank of America dropped their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Barclays reduced their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Finally, UBS Group lowered their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, KB Home currently has a consensus rating of "Hold" and a consensus target price of $71.23.

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.