Quantbot Technologies LP Purchases Shares of 17,482 KB Home $KBH

Quantbot Technologies LP purchased a new position in KB Home (NYSE:KBH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,482 shares of the construction company’s stock, valued at approximately $1,094,000.

Other institutional investors have also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of KB Home during the 2nd quarter valued at approximately $26,000. Bessemer Group Inc. raised its stake in KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after acquiring an additional 220 shares during the period. Parkside Financial Bank & Trust raised its stake in KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares during the period. Fulcrum Asset Management LLP purchased a new position in KB Home during the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC lifted its holdings in KB Home by 391.0% during the fourth quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after purchasing an additional 653 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KBH. UBS Group raised their price objective on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Truist Financial upped their price objective on KB Home from $50.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $53.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Finally, Citigroup reissued a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.17.

Insiders Place Their Bets

In other news, Director Arthur Reginald Collins sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the sale, the director directly owned 9,157 shares in the company, valued at $521,582.72. The trade was a 30.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Albert Z. Praw sold 22,015 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the sale, the executive vice president owned 104,062 shares in the company, valued at approximately $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.69% of the stock is owned by corporate insiders.

KB Home Stock Up 2.7%

Shares of KB Home stock opened at $57.12 on Wednesday. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The business has a 50-day moving average price of $56.98 and a 200-day moving average price of $55.22. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 9.23 and a beta of 1.35.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a return on equity of 7.67% and a net margin of 4.94%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. KB Home’s quarterly revenue was down 27.3% on a year-over-year basis. On average, equities analysts expect that KB Home will post 3.3 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, August 6th. KB Home’s payout ratio is currently 34.84%.

About KB Home

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.