Jump Financial LLC Buys 48,593 Shares of KB Home (NYSE:KBH)

Jump Financial LLC boosted its position in shares of KB Home (NYSE:KBH - Free Report) by 422.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,099 shares of the construction company's stock after purchasing an additional 48,593 shares during the quarter. Jump Financial LLC owned 0.08% of KB Home worth $3,754,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of KB Home in the 4th quarter valued at approximately $47,000. Daiwa Securities Group Inc. bought a new stake in shares of KB Home during the fourth quarter worth $56,000. Fifth Third Bancorp raised its holdings in shares of KB Home by 40.9% during the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company's stock worth $43,000 after acquiring an additional 270 shares during the period. Whittier Trust Co. bought a new stake in KB Home in the 4th quarter valued at $62,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in KB Home in the 4th quarter valued at $130,000. Institutional investors own 96.09% of the company's stock.

Insider Activity at KB Home

In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the transaction, the director now owns 48,217 shares in the company, valued at approximately $3,398,334.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,294,522.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas W. Gilligan sold 3,914 shares of KB Home stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the completion of the transaction, the director now directly owns 48,217 shares of the company's stock, valued at $3,398,334.16. The disclosure for this sale can be found here. 4.44% of the stock is currently owned by corporate insiders.

KB Home Stock Performance

KBH traded down $0.14 during trading hours on Friday, reaching $70.14. The company's stock had a trading volume of 685,995 shares, compared to its average volume of 1,103,821. The company's 50-day moving average is $67.06 and its 200-day moving average is $61.17. KB Home has a 52 week low of $42.11 and a 52 week high of $72.00. The firm has a market cap of $5.32 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.19. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. KB Home's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Equities analysts anticipate that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from KB Home's previous quarterly dividend of $0.20. KB Home's dividend payout ratio (DPR) is 13.61%.

Analysts Set New Price Targets

Several research firms have issued reports on KBH. Evercore ISI dropped their price target on KB Home from $82.00 to $78.00 and set an "outperform" rating on the stock in a research note on Thursday, March 21st. Wedbush upped their price target on KB Home from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods raised their price target on shares of KB Home from $67.00 to $77.00 and gave the stock a "market perform" rating in a research note on Thursday, March 28th. Royal Bank of Canada boosted their price objective on shares of KB Home from $63.00 to $69.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group raised their target price on shares of KB Home from $61.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $66.11.

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.