Versor Investments LP Boosts Holdings in KB Home (NYSE:KBH)

Versor Investments LP raised its stake in shares of KB Home (NYSE:KBH) by 4.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,132 shares of the construction company’s stock after buying an additional 400 shares during the period. Versor Investments LP’s holdings in KB Home were worth $783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KBH. Financial Management Professionals Inc. purchased a new stake in KB Home in the 3rd quarter worth approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in KB Home during the third quarter valued at $43,000. Plato Investment Management Ltd raised its position in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after acquiring an additional 452 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after acquiring an additional 963 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price objective on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America boosted their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Wells Fargo & Company lowered shares of KB Home from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Wedbush boosted their price objective on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Trading Down 4.4 %

KB Home stock opened at $79.17 on Wednesday. The company has a 50-day moving average price of $82.11 and a 200 day moving average price of $76.90. KB Home has a 12-month low of $50.38 and a 12-month high of $89.70. The stock has a market cap of $5.81 billion, a P/E ratio of 10.15, a PEG ratio of 0.70 and a beta of 1.81.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 EPS. As a group, analysts forecast that KB Home will post 8.44 EPS for the current year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 14th. KB Home’s dividend payout ratio is presently 12.82%.

About KB Home

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.