Dynamic Technology Lab Private Ltd Makes New $759,000 Investment in KB Home (NYSE:KBH)

Dynamic Technology Lab Private Ltd bought a new position in KB Home (NYSE:KBH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,144 shares of the construction company’s stock, valued at approximately $759,000.

A number of other hedge funds have also bought and sold shares of KBH. AQR Capital Management LLC raised its position in KB Home by 93.9% in the 3rd quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock worth $116,942,000 after buying an additional 1,223,612 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of KB Home by 225.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock valued at $41,435,000 after purchasing an additional 620,238 shares during the last quarter. Norges Bank purchased a new stake in shares of KB Home during the 4th quarter valued at about $36,761,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of KB Home by 246.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 501,100 shares of the construction company’s stock valued at $23,191,000 after purchasing an additional 356,600 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of KB Home by 26.1% during the 3rd quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock valued at $71,590,000 after purchasing an additional 320,554 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Activity

In related news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the sale, the director now owns 48,217 shares in the company, valued at approximately $3,398,334.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.11, for a total value of $1,553,637.60. Following the sale, the executive vice president now owns 135,512 shares in the company, valued at $9,500,746.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now owns 48,217 shares in the company, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,460 shares of company stock worth $4,384,468. 4.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KBH. Keefe, Bruyette & Woods upped their price target on shares of KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, March 28th. UBS Group upped their price target on shares of KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price objective on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group boosted their price objective on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Finally, Wells Fargo & Company boosted their price objective on KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $66.30.

KB Home Price Performance

KBH stock opened at $69.78 on Thursday. KB Home has a 1-year low of $42.11 and a 1-year high of $74.65. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.80 and a beta of 1.74. The business has a 50 day simple moving average of $67.53 and a two-hundred day simple moving average of $62.52.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Sell-side analysts anticipate that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.25 per share. This is an increase from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, May 8th. KB Home’s dividend payout ratio is currently 13.61%.

KB Home Company 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.