Pachira Investments Inc. Buys Shares of 3,235 KB Home (NYSE:KBH)

Pachira Investments Inc. purchased a new position in shares of KB Home (NYSE:KBH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,235 shares of the construction company’s stock, valued at approximately $212,000.

Several other large investors have also modified their holdings of KBH. FMR LLC increased its stake in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp boosted its holdings in shares of KB Home by 1.3% in the third quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of KB Home by 3.4% during the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock worth $189,047,000 after acquiring an additional 73,051 shares during the period. Geode Capital Management LLC raised its holdings in KB Home by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after purchasing an additional 16,593 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in KB Home in the third quarter valued at about $89,899,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KBH. JPMorgan Chase & Co. dropped their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their price target for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, Bank of America reduced their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus price target of $76.21.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were 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 of the company’s stock, 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. Company insiders own 4.44% of the company’s stock.

KB Home Stock Performance

Shares of KBH opened at $63.98 on Tuesday. KB Home has a 12-month low of $60.00 and a 12-month high of $89.70. The stock has a market cap of $4.62 billion, a P/E ratio of 7.55, a PEG ratio of 0.96 and a beta of 1.86. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $68.88 and a two-hundred day moving average of $77.21.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company posted $1.85 EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. KB Home’s dividend payout ratio (DPR) is 11.81%.

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.