Y Intercept Hong Kong Ltd Buys New Shares in KB Home $KBH

Y Intercept Hong Kong Ltd bought a new position in shares of KB Home (NYSE:KBH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,371 shares of the construction company’s stock, valued at approximately $1,551,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its stake in shares of KB Home by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock valued at $1,353,000 after acquiring an additional 209 shares during the last quarter. Securian Asset Management Inc. increased its position in KB Home by 4.6% during the second quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock worth $289,000 after purchasing an additional 238 shares during the last quarter. Nebula Research & Development LLC raised its stake in KB Home by 6.3% during the second quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock worth $233,000 after purchasing an additional 262 shares during the period. Covestor Ltd boosted its holdings in shares of KB Home by 15.4% in the 3rd quarter. Covestor Ltd now owns 2,020 shares of the construction company’s stock valued at $129,000 after purchasing an additional 270 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of KB Home by 3.4% during the 3rd quarter. Signaturefd LLC now owns 8,701 shares of the construction company’s stock valued at $554,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Transactions at KB Home

In related news, EVP Albert Z. Praw sold 20,284 shares of KB Home stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at $6,252,044.96. The trade was a 16.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Zacks Research lowered KB Home from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. Royal Bank Of Canada reduced their price objective on KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. Barclays decreased their target price on KB Home from $71.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, December 22nd. UBS Group cut their price target on shares of KB Home from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Finally, Raymond James Financial cut shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.73.

KB Home Price Performance

KBH stock opened at $57.56 on Friday. The firm has a market cap of $3.64 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 7.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.21 and a current ratio of 5.77. KB Home has a 1 year low of $48.90 and a 1 year high of $68.71. The stock has a 50-day simple moving average of $60.64 and a 200-day simple moving average of $61.14.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.79 by $0.13. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $2.52 EPS. KB Home’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, February 5th. KB Home’s dividend payout ratio (DPR) is presently 20.37%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.