2,083 Shares in KB Home (NYSE:KBH) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in shares of KB Home (NYSE:KBH) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,083 shares of the construction company’s stock, valued at approximately $130,000.

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in KB Home by 3.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp raised its stake in KB Home by 40.9% during the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after buying an additional 270 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of KB Home by 1.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,996 shares of the construction company’s stock valued at $694,000 after acquiring an additional 272 shares in the last quarter. Bailard Inc. boosted its holdings in shares of KB Home by 2.5% in the 3rd quarter. Bailard Inc. now owns 12,100 shares of the construction company’s stock valued at $560,000 after buying an additional 300 shares during the period. Finally, Inspire Investing LLC raised its position in shares of KB Home by 8.7% during the 3rd quarter. Inspire Investing LLC now owns 6,614 shares of the construction company’s stock worth $306,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Arthur Reginald Collins sold 5,500 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the completion of the sale, the director now owns 9,098 shares in the company, valued at $546,971.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,294,522.88. The disclosure for this sale can be found here. Insiders sold 172,629 shares of company stock valued at $10,675,718 over the last quarter. Corporate insiders own 4.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on KBH shares. UBS Group lifted their price objective 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. Barclays boosted their target price on shares of KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. The Goldman Sachs Group upped their price objective on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. StockNews.com cut shares of KB Home from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Raymond James lifted their price target on KB Home from $61.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.11.

KB Home Trading Down 0.8 %

KBH opened at $64.25 on Friday. The business has a 50 day moving average of $66.10 and a 200-day moving average of $59.08. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.73 and a beta of 1.73. KB Home has a 1-year low of $40.97 and a 1-year high of $72.00.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that KB Home will post 8.01 EPS for the current year.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s payout ratio is presently 10.88%.

About KB Home

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.