Eqis Capital Management Inc. Acquires New Holdings in KB Home (KBH)

Eqis Capital Management Inc. acquired a new position in shares of KB Home (NYSE:KBH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,016 shares of the construction company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AllSquare Wealth Management LLC bought a new stake in shares of KB Home during the 3rd quarter worth $113,000. Strs Ohio bought a new stake in KB Home in the 4th quarter valued at about $162,000. DAVENPORT & Co LLC bought a new stake in KB Home in the 4th quarter valued at about $244,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in KB Home in the 4th quarter valued at about $249,000. Finally, Greenwood Capital Associates LLC bought a new stake in KB Home in the 3rd quarter valued at about $207,000. 98.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KB Home (NYSE KBH) traded up $0.27 on Friday, reaching $29.42. The company’s stock had a trading volume of 3,587,382 shares, compared to its average volume of 3,013,096. The stock has a market capitalization of $2,560.95, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.75 and a beta of 1.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 1-year low of $15.96 and a 1-year high of $38.80.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. KB Home’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. equities research analysts anticipate that KB Home will post 2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be given a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.10 annualized dividend and a yield of 0.34%. KB Home’s payout ratio is currently 5.46%.

A number of equities research analysts recently issued reports on the company. UBS Group assumed coverage on KB Home in a research note on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price objective on the stock. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Credit Suisse Group reaffirmed a “neutral” rating and set a $31.00 target price (up previously from $25.00) on shares of KB Home in a report on Thursday, January 11th. Buckingham Research lowered KB Home from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $31.00 target price on shares of KB Home in a report on Wednesday, November 15th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.07.

In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/02/11/eqis-capital-management-inc-takes-position-in-kb-home-kbh.html.

About KB Home

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.

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

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply