Aristeia Capital L.L.C. Invests $360,000 in KB Home (NYSE:KBH)

Aristeia Capital L.L.C. acquired a new stake in KB Home (NYSE:KBH) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,130 shares of the construction company’s stock, valued at approximately $360,000.

A number of other large investors have also bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new position in shares of KB Home in the first quarter valued at approximately $60,000. Plato Investment Management Ltd boosted its stake in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after purchasing an additional 452 shares during the period. Tortoise Investment Management LLC increased its holdings in KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after purchasing an additional 963 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of KB Home by 134.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after purchasing an additional 652 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of KB Home in the first quarter valued at about $120,000. 96.09% of the stock is owned by institutional investors.

KB Home Price Performance

Shares of NYSE:KBH opened at $87.44 on Wednesday. The company’s 50 day simple moving average is $82.33 and its 200 day simple moving average is $73.37. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. KB Home has a 1 year low of $42.11 and a 1 year high of $89.70.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

Wall Street Analyst Weigh In

Several research firms have commented on KBH. Wedbush restated a “neutral” rating and issued a $67.00 target price on shares of KB Home in a research note on Thursday, September 12th. Bank of America upped their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. The Goldman Sachs Group boosted their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company raised their target price on shares of KB Home from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Finally, Evercore ISI upped their target price on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.96.

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.