NumerixS Investment Technologies Inc reduced its holdings in shares of KB Home (NYSE:KBH) by 70.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the construction company’s stock after selling 12,800 shares during the period. NumerixS Investment Technologies Inc’s holdings in KB Home were worth $102,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Blueshift Asset Management LLC purchased a new position in shares of KB Home in the 4th quarter valued at about $541,000. Ontario Teachers Pension Plan Board purchased a new position in shares of KB Home in the 4th quarter valued at about $1,018,000. Texas Permanent School Fund increased its holdings in shares of KB Home by 4.8% in the 4th quarter. Texas Permanent School Fund now owns 56,405 shares of the construction company’s stock valued at $1,077,000 after purchasing an additional 2,562 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of KB Home by 7.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 755,390 shares of the construction company’s stock valued at $14,428,000 after purchasing an additional 51,592 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of KB Home in the 4th quarter valued at about $163,000. 86.33% of the stock is currently owned by hedge funds and other institutional investors.
KB Home stock opened at $23.65 on Friday. KB Home has a 12-month low of $16.82 and a 12-month high of $31.83. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 4.81.
KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.03. KB Home had a net margin of 3.75% and a return on equity of 14.31%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities research analysts expect that KB Home will post 2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Thursday, February 7th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. KB Home’s dividend payout ratio is currently 35.46%.
A number of brokerages have recently issued reports on KBH. Credit Suisse Group reiterated a “sell” rating and issued a $17.00 price target on shares of KB Home in a report on Thursday, January 10th. Royal Bank of Canada set a $23.00 price target on shares of KB Home and gave the company a “hold” rating in a report on Thursday, November 15th. Buckingham Research began coverage on shares of KB Home in a report on Friday, January 11th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 14th. Finally, Barclays set a $20.00 price objective on shares of KB Home and gave the company a “hold” rating in a research note on Wednesday, December 12th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.73.
KB Home Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
Further Reading: Cost of equity and a company’s balance sheet
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