Vista Investment Management Acquires 215 Shares of KB Home (NYSE:KBH)

Vista Investment Management grew its holdings in shares of KB Home (NYSE:KBH) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,097 shares of the construction company’s stock after acquiring an additional 215 shares during the quarter. Vista Investment Management’s holdings in KB Home were worth $335,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Voloridge Investment Management LLC bought a new stake in shares of KB Home during the 4th quarter valued at about $19,526,000. iSAM Funds UK Ltd purchased a new position in shares of KB Home during the 4th quarter valued at about $656,000. Twinbeech Capital LP raised its holdings in shares of KB Home by 187.5% during the 4th quarter. Twinbeech Capital LP now owns 9,033 shares of the construction company’s stock valued at $594,000 after buying an additional 5,891 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of KB Home by 4,408.6% during the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company’s stock valued at $34,372,000 after buying an additional 511,400 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in KB Home by 1,136.2% in the 4th quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company’s stock worth $27,822,000 after purchasing an additional 389,097 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 2.1%

KB Home stock opened at $53.91 on Tuesday. The stock has a market cap of $3.87 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a one year low of $48.90 and a one year high of $89.70. The stock has a fifty day moving average of $55.37 and a 200 day moving average of $64.78.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. As a group, sell-side analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

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 1.85%. The ex-dividend date is Thursday, May 8th. KB Home’s payout ratio is 12.20%.

Analyst Ratings Changes

KBH has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target 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. StockNews.com cut KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Barclays reduced 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. Wells Fargo & Company reduced their target price on KB Home from $57.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.23.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the sale, the director now owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.89% of the company’s stock.

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.