WINTON GROUP Ltd Raises Stock Position in KB Home $KBH

WINTON GROUP Ltd increased its holdings in shares of KB Home (NYSE:KBH) by 1,197.8% in the 4th quarter, HoldingsChannel reports. The firm owned 117,851 shares of the construction company’s stock after acquiring an additional 108,770 shares during the quarter. WINTON GROUP Ltd’s holdings in KB Home were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KBH. Freestone Grove Partners LP purchased a new position in shares of KB Home during the third quarter worth $111,050,000. Norges Bank purchased a new position in KB Home in the fourth quarter valued at $48,418,000. Goldman Sachs Group Inc. increased its holdings in KB Home by 102.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 932,178 shares of the construction company’s stock valued at $52,584,000 after buying an additional 471,598 shares in the last quarter. Bank of America Corp DE increased its holdings in KB Home by 36.4% in the third quarter. Bank of America Corp DE now owns 1,033,287 shares of the construction company’s stock valued at $65,758,000 after buying an additional 275,965 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in KB Home by 48,100.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 158,097 shares of the construction company’s stock valued at $8,918,000 after buying an additional 157,769 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of KB Home from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Seaport Research Partners reaffirmed a “sell” rating and issued a $43.00 price objective (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Barclays cut their price objective on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. UBS Group cut their price objective on shares of KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Wells Fargo & Company cut their price objective on shares of KB Home from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.17.

KB Home Stock Up 0.1%

KBH stock opened at $52.13 on Friday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 13.23, a P/E/G ratio of 9.19 and a beta of 1.37. The firm has a 50-day simple moving average of $50.72 and a 200-day simple moving average of $56.82. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 earnings per share. On average, analysts expect that KB Home will post 3.1 earnings per share for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. KB Home’s payout ratio is currently 25.38%.

KB Home Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.