iSAM Funds UK Ltd Takes Position in KB Home $KBH

iSAM Funds UK Ltd purchased a new position in shares of KB Home (NYSE:KBH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,805 shares of the construction company’s stock, valued at approximately $1,451,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after buying an additional 240 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of KB Home by 2,848.4% during the third quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock valued at $58,000 after acquiring an additional 883 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of KB Home by 56.3% in the third quarter. Harbor Capital Advisors Inc. now owns 944 shares of the construction company’s stock valued at $60,000 after acquiring an additional 340 shares in the last quarter. Allworth Financial LP boosted its stake in shares of KB Home by 75.9% in the second quarter. Allworth Financial LP now owns 2,380 shares of the construction company’s stock worth $126,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Stephens Consulting LLC boosted its stake in shares of KB Home by 199,900.0% in the third quarter. Stephens Consulting LLC now owns 2,000 shares of the construction company’s stock worth $127,000 after acquiring an additional 1,999 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Price Performance

NYSE:KBH opened at $52.94 on Friday. KB Home has a one year low of $48.90 and a one year high of $68.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 5.77. The stock has a market cap of $3.34 billion, a PE ratio of 10.78, a P/E/G ratio of 7.06 and a beta of 1.47. The stock has a 50 day moving average price of $60.57 and a 200 day moving average price of $61.64.

KB Home (NYSE:KBH) last released its quarterly earnings data on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.13. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.52 earnings per share. Equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, February 5th. KB Home’s payout ratio is currently 20.37%.

Analysts Set New Price Targets

Several analysts recently commented on KBH shares. Bank of America dropped their price target on KB Home from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 target price on shares of KB Home in a report on Tuesday, January 13th. Wells Fargo & Company reduced their target price on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. Finally, Barclays decreased their price target on shares of KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.92.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.