20,989 Shares in KB Home (NYSE:KBH) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in KB Home (NYSE:KBH) in the 4th quarter, Holdings Channel reports. The firm acquired 20,989 shares of the construction company’s stock, valued at approximately $1,379,000.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. grew its position in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares during the period. Amundi boosted its position in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares during the period. Headlands Technologies LLC boosted its position in shares of KB Home by 1,409.1% during the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company’s stock worth $65,000 after buying an additional 930 shares during the period. Finally, Quarry LP grew its stake in shares of KB Home by 4,540.9% in the fourth quarter. Quarry LP now owns 1,021 shares of the construction company’s stock valued at $67,000 after buying an additional 999 shares in the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on KBH. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Barclays decreased their target price on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Raymond James reissued an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Bank of America decreased their target price on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada decreased their target price on KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.23.

KB Home Price Performance

KBH stock opened at $54.27 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The firm has a market capitalization of $3.89 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.90 and a beta of 1.45. The business’s 50-day moving average is $55.68 and its two-hundred day moving average is $65.30. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The company 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%. KB Home’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 EPS. Analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home’s dividend 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.