Jump Financial LLC Has $2.68 Million Stock Holdings in KB Home (NYSE:KBH)

Jump Financial LLC lifted its holdings in shares of KB Home (NYSE:KBH) by 952.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,725 shares of the construction company’s stock after buying an additional 36,856 shares during the period. Jump Financial LLC’s holdings in KB Home were worth $2,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in KB Home by 65.6% during the fourth 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 last quarter. Principal Securities Inc. increased its holdings in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares in the last quarter. Amundi lifted its holdings in KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in KB Home during the third quarter worth approximately $59,000. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

NYSE:KBH opened at $51.59 on Friday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $59.22 and a 200 day moving average price of $69.08. The firm has a market capitalization of $3.70 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last posted its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business earned $1.76 EPS. KB Home’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is 12.20%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KBH has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Wedbush reissued a “neutral” rating and set a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Royal Bank of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.04.

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.