Versant Capital Management Inc Increases Stock Position in KB Home (NYSE:KBH)

Versant Capital Management Inc increased its stake in shares of KB Home (NYSE:KBH) by 275.7% in the 4th quarter, Holdings Channel reports. The firm owned 759 shares of the construction company’s stock after buying an additional 557 shares during the period. Versant Capital Management Inc’s holdings in KB Home were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of KB Home in the third quarter worth approximately $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in KB Home during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in KB Home in the third quarter worth approximately $59,000. Banque Cantonale Vaudoise purchased a new position in shares of KB Home during the 3rd quarter worth $61,000. Finally, Quest Partners LLC grew its position in shares of KB Home by 101,600.0% during the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after acquiring an additional 1,016 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Price Performance

Shares of KBH stock opened at $65.00 on Tuesday. The business has a fifty day moving average of $75.57 and a 200 day moving average of $78.24. KB Home has a 1 year low of $58.05 and a 1 year high of $89.70. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date was Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%.

Wall Street Analyst Weigh In

KBH has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on KB Home from $83.00 to $74.00 and set an “underweight” rating on the stock in a report on Tuesday, December 17th. Wedbush raised their price objective on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. cut their price objective on KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Barclays cut shares of KB Home from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $99.00 to $85.00 in a research note on Wednesday, December 11th. Finally, Bank of America upped their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KB Home has a consensus rating of “Hold” and an average price target of $79.17.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. 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 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.