KB Home $KBH Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in KB Home (NYSE:KBH) by 1,197.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,851 shares of the construction company’s stock after acquiring an additional 108,770 shares during the period. WINTON GROUP Ltd owned approximately 0.19% of KB Home worth $6,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KBH. First Horizon Corp boosted its stake in KB Home by 178.9% in the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after acquiring an additional 322 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in KB Home in the third quarter valued at approximately $36,000. Aventura Private Wealth LLC acquired a new stake in KB Home in the fourth quarter valued at approximately $46,000. Rothschild Investment LLC boosted its stake in KB Home by 391.0% in the fourth quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after acquiring an additional 653 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in KB Home by 44.4% in the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after acquiring an additional 240 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Trading Up 0.1%

NYSE:KBH opened at $52.13 on Friday. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71. The firm has a fifty day simple moving average of $50.72 and a 200-day simple moving average of $56.82. The company has a market capitalization of $3.27 billion, a P/E ratio of 13.23, a PEG ratio of 9.19 and a beta of 1.37.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $1.49 earnings per share. The firm’s revenue was down 22.6% compared to the same quarter last year. Equities analysts forecast that KB Home will post 3.1 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, May 7th. KB Home’s dividend payout ratio (DPR) is 25.38%.

Analysts Set New Price Targets

KBH has been the subject of several research reports. Truist Financial lowered their price objective on shares of KB Home from $54.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Weiss Ratings downgraded shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Barclays lowered their price objective on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, March 25th. Finally, Citizens Jmp initiated coverage on shares of KB Home in a research note on Tuesday, March 24th. They set an “outperform” rating and a $77.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.17.

About KB Home

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.