Voloridge Investment Management LLC Invests $19.53 Million in KB Home (NYSE:KBH)

Voloridge Investment Management LLC purchased a new position in shares of KB Home (NYSE:KBH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 297,114 shares of the construction company's stock, valued at approximately $19,526,000. Voloridge Investment Management LLC owned about 0.41% of KB Home at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. iSAM Funds UK Ltd acquired a new stake in shares of KB Home during the 4th quarter worth approximately $656,000. Twinbeech Capital LP increased its holdings in shares of KB Home by 187.5% during the 4th quarter. Twinbeech Capital LP now owns 9,033 shares of the construction company's stock worth $594,000 after buying an additional 5,891 shares during the last quarter. Two Sigma Advisers LP increased 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 buying an additional 511,400 shares during the last quarter. Two Sigma Investments LP increased 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 buying an additional 389,097 shares during the last quarter. Finally, Teza Capital Management LLC increased its holdings in shares of KB Home by 109.4% during the 4th quarter. Teza Capital Management LLC now owns 5,681 shares of the construction company's stock worth $373,000 after buying an additional 2,968 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. UBS Group dropped their target price 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. Bank of America dropped their target price on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company dropped their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. 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's stock. According to data from MarketBeat.com, KB Home has a consensus rating of "Hold" and a consensus target price of $71.23.

KB Home Stock Performance

Shares of KB Home stock traded down $1.69 on Wednesday, reaching $51.60. 205,328 shares of the stock were exchanged, compared to its average volume of 1,295,477. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The firm has a market capitalization of $3.70 billion, a PE ratio of 6.10, a PEG 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. The business has a fifty day moving average price of $54.33 and a two-hundred day moving average price of $63.69.

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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.76 EPS. KB Home's revenue was down 5.2% on a year-over-year basis. As a group, research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

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

Insider Transactions at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction on Friday, May 16th. The shares were 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 approximately $558,047.56. This trade represents a 32.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.89% of the company's stock.

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.