Point72 Asia Singapore Pte. Ltd. Makes New Investment in KB Home (NYSE:KBH)

Point72 Asia Singapore Pte. Ltd. bought a new position in KB Home (NYSE:KBH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,900 shares of the construction company’s stock, valued at approximately $125,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 214 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of 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 buying an additional 179 shares in the last quarter. Amundi lifted its stake in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares in the last quarter. Headlands Technologies LLC lifted its position in KB Home by 1,409.1% during the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company’s stock valued at $65,000 after purchasing an additional 930 shares during the period. Finally, Quarry LP lifted its position in KB Home by 4,540.9% during the fourth quarter. Quarry LP now owns 1,021 shares of the construction company’s stock valued at $67,000 after purchasing an additional 999 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

KBH has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 26th. 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. StockNews.com cut KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. 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. Finally, UBS Group lowered their price target on KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $71.23.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,000 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.89% of the company’s stock.

KB Home Stock Up 1.0%

KBH opened at $54.96 on Friday. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The company has a market capitalization of $3.94 billion, a PE ratio of 6.49, a PEG ratio of 0.90 and a beta of 1.45. The firm’s 50 day simple moving average is $55.52 and its two-hundred day simple moving average is $65.05.

KB Home (NYSE:KBH) last released its quarterly earnings results 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. KB Home’s payout ratio is 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.