Counterpoint Mutual Funds LLC Takes $640,000 Position in KB Home (NYSE:KBH)

Counterpoint Mutual Funds LLC purchased a new position in shares of KB Home (NYSE:KBH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,742 shares of the construction company’s stock, valued at approximately $640,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. boosted its position in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares in the last quarter. Versant Capital Management Inc grew its holdings in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares during the period. Amundi increased its position in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home during the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KBH. JPMorgan Chase & Co. reduced their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. UBS Group decreased their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Evercore ISI raised their target price on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group dropped their price target on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.21.

KB Home Stock Performance

NYSE:KBH opened at $60.59 on Monday. The company’s 50-day moving average is $64.62 and its two-hundred day moving average is $73.84. KB Home has a 1-year low of $59.00 and a 1-year high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.65%. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.44% of the stock is currently owned by corporate insiders.

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.