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

Voloridge Investment Management LLC acquired a new stake in shares of KB Home (NYSE:KBH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 297,114 shares of the construction company’s stock, valued at approximately $19,526,000. Voloridge Investment Management LLC owned 0.41% of KB Home at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. raised its position in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares during the period. Principal Securities Inc. lifted its holdings in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares in the last quarter. Blue Trust Inc. lifted its holdings in KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after purchasing an additional 194 shares in the last quarter. Amundi lifted its holdings in KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in KB Home by 0.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 206 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director now owns 10,262 shares of the company’s stock, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on KBH shares. Wells Fargo & Company lowered their price target on KB Home from $57.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 14th. Bank of America lowered their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. The Goldman Sachs Group dropped their price objective 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. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $71.23.

KB Home Trading Down 0.4%

KBH stock opened at $51.15 on Friday. The firm has a fifty day moving average price of $54.87 and a 200 day moving average price of $64.41. KB Home has a fifty-two week low of $48.90 and a fifty-two week 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 $3.67 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH) last issued 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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.96%. KB Home’s payout ratio is currently 12.20%.

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.