KB Home (NYSE:KBH) Stock Holdings Increased by Headlands Technologies LLC

Headlands Technologies LLC boosted its stake in shares of KB Home (NYSE:KBH) by 1,409.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 996 shares of the construction company’s stock after acquiring an additional 930 shares during the period. Headlands Technologies LLC’s holdings in KB Home were worth $65,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares during the last quarter. Neo Ivy Capital Management purchased a new position in KB Home in the third quarter valued at about $956,000. Blue Trust Inc. increased its position in KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after purchasing an additional 456 shares during the last quarter. RBA Wealth Management LLC raised its stake in shares of KB Home by 2.0% during the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company’s stock worth $4,119,000 after purchasing an additional 1,244 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of KB Home during the 4th quarter valued at about $44,118,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.89% of the stock is owned by company insiders.

KB Home Stock Performance

KBH opened at $54.63 on Tuesday. 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 stock’s 50 day moving average price is $62.15 and its two-hundred day moving average price is $71.13. The firm has a market capitalization of $3.90 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. KB Home has a 12-month low of $54.02 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $1.76 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. KB Home’s payout ratio is 12.20%.

Wall Street Analyst Weigh In

KBH has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price objective on KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 26th. Barclays dropped their price target on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Bank of America reduced their price objective on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, StockNews.com cut KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.21.

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.