GAMMA Investing LLC Has $96,000 Holdings in KB Home (NYSE:KBH)

GAMMA Investing LLC increased its stake in KB Home (NYSE:KBH) by 64.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,658 shares of the construction company’s stock after buying an additional 649 shares during the quarter. GAMMA Investing LLC’s holdings in KB Home were worth $96,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Xponance Inc. lifted its holdings in KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares during the last quarter. Amundi increased its position in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after buying an additional 206 shares during the period. Jones Financial Companies Lllp increased its position in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares during the period. Finally, Vista Investment Management increased its position in KB Home by 4.4% during the 4th quarter. Vista Investment Management now owns 5,097 shares of the construction company’s stock worth $335,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the topic of a number of recent analyst reports. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a research report on Saturday, June 28th. Barclays set a $49.00 target price on KB Home and gave the company an “equal weight” rating in a research report on Tuesday, June 24th. Wedbush reissued a “neutral” rating and set a $75.00 price target on shares of KB Home in a research note on Tuesday, March 25th. UBS Group cut their price target on KB Home from $86.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $52.00 price objective (down from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.14.

Insider Transactions at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the sale, the director owned 10,262 shares in the company, valued at $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.89% of the company’s stock.

KB Home Price Performance

Shares of KBH opened at $54.00 on Monday. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. The business’s 50 day moving average price is $53.09 and its two-hundred day moving average price is $58.66. The firm has a market cap of $3.87 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 4.27 and a beta of 1.34.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm earned $2.15 earnings per share. The company’s revenue was down 10.5% compared to the same quarter last year. On average, equities analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, May 8th. KB Home’s dividend payout ratio (DPR) is presently 13.25%.

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.