Price Capital Management Inc. Invests $1.91 Million in KB Home (KBH) Stock
Price Capital Management Inc. bought a new position in KB Home (NYSE:KBH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 59,872 shares of the construction company’s stock, valued at approximately $1,913,000.
A number of other institutional investors have also recently made changes to their positions in KBH. Hennessy Advisors Inc. bought a new position in KB Home in the fourth quarter worth about $34,238,000. Sadoff Investment Management LLC bought a new position in KB Home in the fourth quarter worth about $32,749,000. Acadian Asset Management LLC bought a new position in KB Home in the fourth quarter worth about $29,512,000. Vanguard Group Inc. raised its holdings in KB Home by 7.7% in the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in KB Home by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after purchasing an additional 394,584 shares in the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.
A number of brokerages have commented on KBH. ValuEngine upgraded shares of KB Home from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Credit Suisse Group restated a “neutral” rating and set a $31.00 price target (up previously from $25.00) on shares of KB Home in a research note on Thursday, January 11th. Mizuho set a $35.00 price target on KB Home and gave the stock a “hold” rating in a research note on Thursday, January 18th. Buckingham Research upgraded KB Home from an “underperform” rating to a “neutral” rating and set a $34.00 price target on the stock in a research note on Friday, January 26th. They noted that the move was a valuation call. Finally, UBS Group began coverage on KB Home in a research note on Wednesday, October 25th. They set a “sell” rating and a $24.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.07.
Shares of KB Home (NYSE KBH) opened at $30.54 on Thursday. The company has a market capitalization of $2,715.03, a P/E ratio of 16.69, a P/E/G ratio of 0.81 and a beta of 1.48. KB Home has a 52-week low of $15.88 and a 52-week high of $38.80. 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 (NYSE:KBH) last issued its earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. The firm had revenue of $1.40 billion for 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 analysts expect that KB Home will post 2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors 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 dividend on an annualized basis and a yield of 0.33%. KB Home’s dividend payout ratio is currently 5.46%.
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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