Versor Investments LP Acquires 400 Shares of KB Home (NYSE:KBH)

Versor Investments LP increased its holdings in shares of KB Home (NYSE:KBH) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,132 shares of the construction company’s stock after purchasing an additional 400 shares during the quarter. Versor Investments LP’s holdings in KB Home were worth $783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in shares of KB Home by 57.0% during the first quarter. Janney Montgomery Scott LLC now owns 22,780 shares of the construction company’s stock worth $1,615,000 after acquiring an additional 8,267 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of KB Home during the first quarter valued at about $609,000. Headlands Technologies LLC bought a new stake in shares of KB Home in the first quarter worth about $120,000. QRG Capital Management Inc. boosted its stake in KB Home by 463.8% during the first quarter. QRG Capital Management Inc. now owns 26,651 shares of the construction company’s stock valued at $1,889,000 after buying an additional 21,924 shares during the last quarter. Finally, US Bancorp DE boosted its stake in KB Home by 1.6% during the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock valued at $873,000 after buying an additional 191 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.44% of the stock is owned by insiders.

KB Home Stock Performance

Shares of NYSE KBH opened at $79.17 on Wednesday. The stock has a 50 day moving average price of $82.11 and a 200 day moving average price of $76.90. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.70 and a beta of 1.81. KB Home has a 52-week low of $50.38 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Analysts forecast that KB Home will post 8.44 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 14th. KB Home’s payout ratio is 12.82%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KBH. Bank of America increased their target price on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Barclays lifted their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Wedbush lifted their price target on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.50.

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.