Versor Investments LP Has $1.22 Million Stock Position in KB Home (NYSE:KBH)

Versor Investments LP grew its holdings in shares of KB Home (NYSE:KBH) by 103.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,557 shares of the construction company’s stock after buying an additional 9,425 shares during the quarter. Versor Investments LP’s holdings in KB Home were worth $1,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. lifted its position in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of KB Home by 275.7% during 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of KB Home during the third quarter valued at about $59,000. Banque Cantonale Vaudoise bought a new position in shares of KB Home during the third quarter valued at about $61,000. Finally, Quest Partners LLC lifted its position in shares of KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after purchasing an additional 1,016 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KBH. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Bank of America dropped their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $76.21.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’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 transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.44% of the stock is owned by corporate insiders.

KB Home Stock Performance

NYSE KBH opened at $61.01 on Friday. The company’s 50 day moving average is $65.48 and its 200-day moving average is $75.46. KB Home has a 12-month low of $59.89 and a 12-month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $4.40 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86.

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

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.64%. KB Home’s dividend payout ratio is currently 11.81%.

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.