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.
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.
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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.
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