KB Home (NYSE:KBH) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in KB Home (NYSE:KBH - Free Report) by 4,408.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 523,000 shares of the construction company's stock after buying an additional 511,400 shares during the period. Two Sigma Advisers LP owned 0.72% of KB Home worth $34,372,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in KB Home during the 4th quarter valued at $49,638,000. First Trust Advisors LP raised its position in KB Home by 61.2% in the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after purchasing an additional 503,895 shares during the period. Two Sigma Investments LP grew its stake in KB Home by 1,136.2% in the 4th quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company's stock worth $27,822,000 after acquiring an additional 389,097 shares in the last quarter. Raymond James Financial Inc. bought a new position in KB Home in the 4th quarter worth about $12,288,000. Finally, Quantbot Technologies LP boosted its stake in shares of KB Home by 4,083.5% during the fourth quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock valued at $9,623,000 after purchasing an additional 142,922 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Buying and Selling at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction 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 $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KBH has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Barclays dropped their price objective on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. UBS Group decreased their price target on shares of KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company lowered their price target on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods lowered their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KB Home has a consensus rating of "Hold" and a consensus target price of $71.23.

KB Home Stock Performance

Shares of KBH stock traded up $0.03 on Friday, hitting $51.26. The company's stock had a trading volume of 1,445,502 shares, compared to its average volume of 1,298,890. The stock's 50 day moving average is $54.69 and its 200-day moving average is $64.20. The company has a market capitalization of $3.68 billion, a PE 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 quick ratio of 0.83 and a current ratio of 5.51. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. Equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.25 per share. The ex-dividend date 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 presently 12.20%.

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.