Jump Financial LLC Acquires 36,856 Shares of KB Home (NYSE:KBH)

Jump Financial LLC increased its holdings in shares of KB Home (NYSE:KBH - Free Report) by 952.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,725 shares of the construction company's stock after purchasing an additional 36,856 shares during the period. Jump Financial LLC owned approximately 0.06% of KB Home worth $2,676,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Invesco Ltd. raised its holdings in KB Home by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock valued at $157,529,000 after acquiring an additional 56,142 shares in the last quarter. Fisher Asset Management LLC raised its holdings in KB Home by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after acquiring an additional 75,143 shares in the last quarter. LSV Asset Management raised its holdings in KB Home by 3.0% in the 4th quarter. LSV Asset Management now owns 1,137,900 shares of the construction company's stock valued at $74,783,000 after acquiring an additional 33,500 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in KB Home by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 756,810 shares of the construction company's stock valued at $49,738,000 after acquiring an additional 15,867 shares in the last quarter. Finally, Norges Bank acquired a new position in KB Home in the 4th quarter valued at approximately $49,638,000. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Price Performance

NYSE KBH traded up $0.96 on Wednesday, hitting $54.62. 386,040 shares of the company were exchanged, compared to its average volume of 1,545,361. The firm has a 50 day moving average of $58.50 and a two-hundred day moving average of $68.32. The company has a market cap of $3.92 billion, a P/E ratio of 6.45, a P/E/G ratio of 0.90 and a beta of 1.65. 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 1-year low of $48.90 and a 1-year 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 earnings per share 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 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 business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. On average, equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Analyst Ratings Changes

KBH has been the subject of several recent research reports. Wedbush reaffirmed a "neutral" rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Barclays dropped their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group reduced their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Evercore ISI boosted their target price on shares of KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reduced their target price on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, KB Home presently has an average rating of "Hold" and an average price target of $71.04.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.89% of the stock is currently owned by company insiders.

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.