Hillsdale Investment Management Inc. Has $4.13 Million Stock Holdings in KB Home (NYSE:KBH)

Hillsdale Investment Management Inc. increased its stake in KB Home (NYSE:KBH) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,800 shares of the construction company’s stock after acquiring an additional 500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in KB Home were worth $4,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KBH. Virtu Financial LLC raised its position in shares of KB Home by 19.3% in the 4th quarter. Virtu Financial LLC now owns 9,497 shares of the construction company’s stock worth $624,000 after acquiring an additional 1,537 shares in the last quarter. Quantbot Technologies LP increased its holdings in KB Home by 4,083.5% in the fourth quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company’s stock worth $9,623,000 after purchasing an additional 142,922 shares in the last quarter. Millstone Evans Group LLC acquired a new position in KB Home in the fourth quarter valued at approximately $161,000. Blueshift Asset Management LLC boosted its holdings in shares of KB Home by 219.4% during the 4th quarter. Blueshift Asset Management LLC now owns 8,356 shares of the construction company’s stock worth $549,000 after buying an additional 5,740 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The stock was 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 $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.89% of the company’s stock.

KB Home Stock Down 2.7 %

Shares of NYSE:KBH opened at $59.61 on Friday. KB Home has a 1 year low of $58.80 and a 1 year high of $89.70. The company has a market capitalization of $4.26 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business has a fifty day moving average price of $64.22 and a two-hundred day moving average price of $73.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

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

KB Home Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.68%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KBH. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research report on Friday, January 17th. UBS Group dropped 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 report on Wednesday, January 8th. Finally, The Goldman Sachs Group decreased their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.21.

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.