AlphaQuest LLC Has $632,000 Stock Holdings in KB Home $KBH

AlphaQuest LLC increased its position in KB Home (NYSE:KBH) by 1,054.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,924 shares of the construction company’s stock after buying an additional 10,891 shares during the period. AlphaQuest LLC’s holdings in KB Home were worth $632,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sachetta LLC grew its stake in shares of KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock valued at $40,000 after buying an additional 660 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home in the 1st quarter valued at about $40,000. Manchester Capital Management LLC grew its stake in shares of KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after buying an additional 221 shares during the period. Reyes Financial Architecture Inc. grew its stake in shares of KB Home by 35.6% in the 1st quarter. Reyes Financial Architecture Inc. now owns 990 shares of the construction company’s stock valued at $58,000 after buying an additional 260 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of KB Home in the 2nd quarter valued at about $59,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KBH. Evercore ISI set a $65.00 price target on KB Home and gave the company an “in-line” rating in a research note on Tuesday, October 7th. Raymond James Financial lifted their price target on KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Royal Bank Of Canada lifted their price target on KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, UBS Group reissued a “buy” rating and set a $83.00 target price on shares of KB Home in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average target price of $64.36.

KB Home Price Performance

Shares of KBH stock opened at $63.20 on Tuesday. The company’s fifty day simple moving average is $63.32 and its two-hundred day simple moving average is $57.52. KB Home has a 1 year low of $48.90 and a 1 year high of $85.66. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 5.19 and a beta of 1.40.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.11. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s payout ratio is 13.25%.

About KB Home

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.