KB Home $KBH Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its holdings in shares of KB Home (NYSE:KBH) by 480.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,954 shares of the construction company’s stock after buying an additional 71,142 shares during the quarter. Brevan Howard Capital Management LP owned 0.13% of KB Home worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in KB Home by 3.1% in the second quarter. State Street Corp now owns 3,503,159 shares of the construction company’s stock worth $185,562,000 after acquiring an additional 106,926 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of KB Home by 7.4% during the second quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock valued at $94,530,000 after acquiring an additional 123,030 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of KB Home during the third quarter valued at about $111,050,000. Invesco Ltd. raised its position in shares of KB Home by 1.4% in the 3rd quarter. Invesco Ltd. now owns 1,400,892 shares of the construction company’s stock valued at $89,153,000 after purchasing an additional 19,330 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of KB Home in the 2nd quarter valued at approximately $55,329,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on KBH. The Goldman Sachs Group reissued a “neutral” rating and set a $66.00 target price on shares of KB Home in a research report on Tuesday, January 13th. Royal Bank Of Canada decreased their price target on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating for the company in a report on Friday, December 19th. Truist Financial initiated coverage on shares of KB Home in a research note on Tuesday, March 3rd. They set a “hold” rating and a $65.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. Finally, Barclays cut their target price on KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.92.

KB Home Price Performance

Shares of NYSE:KBH opened at $52.94 on Monday. KB Home has a twelve month low of $48.90 and a twelve month high of $68.71. The company has a current ratio of 5.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.34 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 7.04 and a beta of 1.47. The company’s 50 day moving average is $60.57 and its 200 day moving average is $61.62.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.79 by $0.13. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.52 EPS. On average, sell-side analysts forecast 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, February 19th. Investors of record on Thursday, February 5th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. KB Home’s payout ratio is currently 20.37%.

KB Home Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.