Farringdon Capital Ltd. Takes Position in KB Home (NYSE:KBH)

Farringdon Capital Ltd. bought a new position in shares of KB Home (NYSE:KBH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,710 shares of the construction company’s stock, valued at approximately $572,000.

Several other large investors have also recently bought and sold shares of the stock. Xponance Inc. increased its position in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after purchasing an additional 163 shares during the last quarter. Principal Securities Inc. grew its stake in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after buying an additional 179 shares in the last quarter. Blue Trust Inc. increased its holdings in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after buying an additional 194 shares during the last quarter. Amundi increased its holdings in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Up 2.9 %

KBH opened at $51.59 on Friday. The stock has a fifty day moving average of $59.22 and a 200-day moving average of $69.08. The company has a market capitalization of $3.70 billion, a P/E ratio of 6.09, a P/E/G ratio of 0.90 and a beta of 1.65. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

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

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 12.20%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on KBH shares. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. UBS Group cut their price objective on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Raymond James reissued an “outperform” rating and set a $80.00 target price (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut their price target on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.04.

KB Home Profile

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.