4,712 Shares in KB Home (NYSE:KBH) Purchased by Quantessence Capital LLC

Quantessence Capital LLC acquired a new stake in KB Home (NYSE:KBH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,712 shares of the construction company's stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MML Investors Services LLC acquired a new position in shares of KB Home during the third quarter worth about $464,000. Barclays PLC raised its holdings in shares of KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after purchasing an additional 38,638 shares in the last quarter. Virtu Financial LLC grew its stake in shares of KB Home by 97.6% during the third quarter. Virtu Financial LLC now owns 7,960 shares of the construction company's stock worth $682,000 after purchasing an additional 3,931 shares in the last quarter. World Investment Advisors LLC purchased a new position in KB Home in the third quarter valued at $1,226,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the third quarter valued at $59,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction that occurred on 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 transaction, 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 document filed with the SEC, which is available at the SEC website. 3.89% of the stock is currently owned by insiders.

KB Home Trading Down 0.2 %

Shares of KBH traded down $0.13 during trading hours on Monday, hitting $53.57. The stock had a trading volume of 324,482 shares, compared to its average volume of 1,527,735. The company's fifty day simple moving average is $57.86 and its 200 day simple moving average is $67.68. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market cap of $3.84 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.90 and a beta of 1.65.

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 for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. Equities research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Analyst Ratings Changes

Several research firms recently weighed in on KBH. JPMorgan Chase & Co. decreased their target price on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada cut 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. Keefe, Bruyette & Woods cut their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. UBS Group reduced their target price on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Wedbush reiterated a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, KB Home currently has a consensus rating of "Hold" and an average target price of $71.04.

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.