KB Home (KBH) : Cipher Capital Lp scooped up 382,408 additional shares in KB Home during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 489,163 shares of KB Home which is valued at $6.2 Million.KB Home makes up approximately 0.59% of Cipher Capital Lp’s portfolio.
Other Hedge Funds, Including , Systematic Financial Management Lp added KBH to its portfolio by purchasing 391,575 company shares during the most recent quarter which is valued at $4.9 Million. KB Home makes up approx 0.06% of Systematic Financial Management Lp’s portfolio.Penserra Capital Management boosted its stake in KBH in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 462 shares of KB Home which is valued at $5,826.Timber Hill boosted its stake in KBH in the latest quarter, The investment management firm added 109,855 additional shares and now holds a total of 142,712 shares of KB Home which is valued at $1.8 Million. KB Home makes up approx 0.14% of Timber Hill’s portfolio.
KB Home opened for trading at $12.64 and hit $12.79 on the upside on Monday, eventually ending the session at $12.7, with a gain of 0.71% or 0.09 points. The heightened volatility saw the trading volume jump to 30,31,855 shares. Company has a market cap of $1,068 M.
On the company’s financial health, KB Home reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.11. The company had revenue of $678.40 million for the quarter, compared to analysts expectations of $639.01 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on KB Home. Shares were Downgraded by UBS on May 4, 2016 to ” Sell” and Lowered the Price Target to $ 11 from a previous price target of $13 .KB Home was Downgraded by FBN Securities to ” Sector Perform” on Apr 18, 2016. Company shares were Reiterated by Deutsche Bank on Apr 4, 2016 to “Hold”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .
KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments which includes four homebuilding segments and one financial services segment. The Company’s homebuilding operations are organized into four segments: West Coast Southwest Central and Southeast. The Company delivered approximately 7215 homes through its four homebuilding segments. The Company’s financial services segment offers property and casualty insurance and in certain instances earthquake flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services including residential consumer mortgage loan originations to its homebuyers indirectly through Home Community Mortgage LLC (HCM).