GAMMA Investing LLC Has $157,000 Stock Position in KB Home $KBH

GAMMA Investing LLC lifted its holdings in shares of KB Home (NYSE:KBH) by 78.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,958 shares of the construction company’s stock after buying an additional 1,300 shares during the period. GAMMA Investing LLC’s holdings in KB Home were worth $157,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Ridgewood Investments LLC acquired a new position in KB Home in the 2nd quarter worth about $164,000. Farther Finance Advisors LLC increased its holdings in KB Home by 171.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,374 shares of the construction company’s stock worth $179,000 after purchasing an additional 2,129 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in KB Home by 408.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 300,739 shares of the construction company’s stock worth $15,930,000 after purchasing an additional 241,608 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in KB Home by 21.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 39,100 shares of the construction company’s stock worth $2,071,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in KB Home by 6.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,449 shares of the construction company’s stock worth $1,378,000 after purchasing an additional 1,505 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Activity at KB Home

In related news, COO Robert V. Mcgibney sold 14,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total transaction of $749,280.00. Following the sale, the chief operating officer owned 78,345 shares in the company, valued at $4,193,024.40. This represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is currently owned by insiders.

KB Home Stock Up 1.4%

Shares of KB Home stock opened at $64.19 on Tuesday. KB Home has a one year low of $48.90 and a one year high of $86.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.13 and a quick ratio of 0.23. The stock’s 50-day moving average is $62.08 and its 200 day moving average is $56.92. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 5.12 and a beta of 1.36.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home’s dividend payout ratio is presently 14.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KBH shares. Evercore ISI upped their target price on KB Home from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. lowered their target price on KB Home from $63.00 to $53.00 and set a “neutral” rating for the company in a report on Monday. UBS Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of KB Home in a report on Thursday. Keefe, Bruyette & Woods lowered their target price on KB Home from $65.00 to $58.00 and set a “market perform” rating for the company in a report on Thursday, June 26th. Finally, Royal Bank Of Canada upped their target price on KB Home from $58.00 to $59.00 and gave the stock a “sector perform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and a consensus target price of $65.55.

KB Home 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.