4,514 Shares in KB Home (NYSE:KBH) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in KB Home (NYSE:KBH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,514 shares of the construction company’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quantessence Capital LLC acquired a new position in shares of KB Home during the fourth quarter worth approximately $310,000. Harvest Investment Services LLC lifted its holdings in shares of KB Home by 23.2% during the fourth quarter. Harvest Investment Services LLC now owns 8,313 shares of the construction company’s stock worth $546,000 after buying an additional 1,563 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of KB Home by 15.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,096 shares of the construction company’s stock worth $204,000 after buying an additional 409 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of KB Home by 208.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,791 shares of the construction company’s stock worth $906,000 after buying an additional 9,318 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of KB Home by 4.2% during the fourth quarter. MetLife Investment Management LLC now owns 77,484 shares of the construction company’s stock worth $5,092,000 after buying an additional 3,147 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Trading Up 0.6 %

Shares of KB Home stock opened at $54.01 on Tuesday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. 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 company has a 50-day simple moving average of $57.70 and a 200 day simple moving average of $67.50. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70.

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

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home’s payout ratio is presently 12.20%.

Analysts Set New Price Targets

KBH has been the subject of a number of research analyst reports. Barclays cut their price target on KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Raymond James restated an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. StockNews.com cut KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on KB Home from $57.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.