Y Intercept Hong Kong Ltd Acquires Shares of 24,371 KB Home $KBH

Y Intercept Hong Kong Ltd bought a new stake in KB Home (NYSE:KBH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,371 shares of the construction company’s stock, valued at approximately $1,551,000.

A number of other hedge funds have also made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in KB Home in the second quarter valued at $44,000. Ameritas Advisory Services LLC acquired a new stake in shares of KB Home in the 2nd quarter valued at about $59,000. Harbor Capital Advisors Inc. raised its stake in shares of KB Home by 56.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 944 shares of the construction company’s stock valued at $60,000 after purchasing an additional 340 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of KB Home by 1,125.9% during the second quarter. Hantz Financial Services Inc. now owns 1,986 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,824 shares during the last quarter. Finally, Allworth Financial LP grew its stake in 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 purchasing an additional 1,027 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Albert Z. Praw sold 20,284 shares of KB Home stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total value of $1,218,662.72. Following the transaction, the executive vice president owned 104,062 shares of the company’s stock, valued at $6,252,044.96. The trade was a 16.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the topic of a number of research analyst reports. 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. Royal Bank Of Canada lowered their target price on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating for the company in a research note on Friday, December 19th. Barclays reduced 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 report on Monday, December 22nd. Evercore ISI set a $65.00 price objective on shares of KB Home and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Finally, Zacks Research cut shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 23rd. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell 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 $62.73.

KB Home Price Performance

NYSE KBH opened at $57.56 on Friday. The company has a 50-day moving average price of $60.64 and a two-hundred day moving average price of $61.14. KB Home has a 52 week low of $48.90 and a 52 week high of $68.71. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 7.62 and a beta of 1.43. The company has a current ratio of 5.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.43.

KB Home (NYSE:KBH) last announced its earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.13. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 EPS. Analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be given a $0.25 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.00 annualized dividend and a yield of 1.7%. KB Home’s payout ratio is 20.37%.

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.