KB Home $KBH Position Boosted by Inspire Investing LLC

by · The Cerbat Gem

Inspire Investing LLC raised its position in shares of KB Home (NYSE:KBH – Free Report) by 35.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 43,496 shares of the construction company’s stock after buying an additional 11,374 shares during the period. Inspire Investing LLC’s holdings in KB Home were worth $2,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KBH. Two Sigma Advisers LP lifted its stake in KB Home by 4,408.6% during the fourth 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. AQR Capital Management LLC lifted its stake in KB Home by 116.1% during the first quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company’s stock valued at $53,957,000 after buying an additional 506,415 shares in the last quarter. Two Sigma Investments LP lifted its stake in KB Home by 1,136.2% during the fourth quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company’s stock valued at $27,822,000 after buying an additional 389,097 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in KB Home by 326.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 456,200 shares of the construction company’s stock valued at $26,514,000 after buying an additional 349,298 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in KB Home during the fourth quarter valued at about $19,526,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Robert V. Mcgibney sold 14,000 shares of the company’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares in the company, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.89% of the company’s stock.

KB Home Price Performance

NYSE KBH opened at $67.42 on Friday. The company has a 50 day simple moving average of $59.85 and a 200-day simple moving average of $56.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 5.33 and a beta of 1.36. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70.

KB Home (NYSE:KBH – Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%.The firm’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 earnings per share. Equities research analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. KB Home’s dividend payout ratio (DPR) is currently 13.25%.

Analysts Set New Price Targets

A number of research firms have commented on KBH. Bank of America reduced their price objective on shares of KB Home from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th. UBS Group reduced their price objective on shares of KB Home from $86.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Barclays set a $49.00 price target on shares of KB Home and gave the stock an “equal weight” rating in a research report on Tuesday, June 24th. Finally, Evercore ISI reduced their price target on shares of KB Home from $77.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.86.

Read Our Latest Stock Analysis on KBH

About KB Home

(Free Report)

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.

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