Millennium Management LLC Has $33.17 Million Stake in KB Home (KBH)

Millennium Management LLC grew its stake in KB Home (NYSE:KBH) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,038,262 shares of the construction company’s stock after purchasing an additional 12,757 shares during the period. Millennium Management LLC’s holdings in KB Home were worth $33,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KBH. Teachers Advisors LLC grew its position in KB Home by 1.1% during the 4th quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock worth $4,999,000 after acquiring an additional 1,676 shares during the last quarter. SignalPoint Asset Management LLC grew its position in KB Home by 6.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 30,886 shares of the construction company’s stock worth $987,000 after acquiring an additional 1,835 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in KB Home by 83.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,947 shares during the last quarter. ING Groep NV grew its position in KB Home by 24.4% during the 4th quarter. ING Groep NV now owns 12,701 shares of the construction company’s stock worth $406,000 after acquiring an additional 2,495 shares during the last quarter. Finally, Rhumbline Advisers grew its position in KB Home by 1.5% during the 3rd quarter. Rhumbline Advisers now owns 174,535 shares of the construction company’s stock worth $4,210,000 after acquiring an additional 2,649 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

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A number of equities research analysts recently commented on the company. Buckingham Research lowered KB Home from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on KB Home to $40.00 and gave the stock a “sector perform” rating in a research report on Monday, January 15th. UBS increased their price target on KB Home from $25.00 to $30.00 and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Mizuho set a $35.00 price target on KB Home and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group restated a “neutral” rating and set a $38.00 price target (up from $31.00) on shares of KB Home in a research report on Monday, January 22nd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $30.19.

KB Home stock opened at $29.52 on Friday. The company has a market capitalization of $2,561.21, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. KB Home has a 12-month low of $18.83 and a 12-month high of $38.80.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, March 22nd. The construction company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.11. The firm had revenue of $871.60 million for the quarter, compared to analyst estimates of $878.77 million. KB Home had a return on equity of 11.17% and a net margin of 2.15%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. equities research analysts predict that KB Home will post 2.62 earnings per share for the current fiscal year.

In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the transaction, the chief financial officer now directly owns 237,775 shares in the company, valued at approximately $7,734,820.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares in the company, valued at $3,139,999.84. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

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KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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