Versant Capital Management Inc Purchases 557 Shares of KB Home (NYSE:KBH)

Versant Capital Management Inc increased its holdings in KB Home (NYSE:KBH) by 275.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. bought a new position in shares of KB Home during the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in KB Home during the third quarter valued at about $43,000. Wilmington Savings Fund Society FSB purchased a new stake in KB Home during the third quarter valued at about $59,000. Banque Cantonale Vaudoise bought a new position in shares of KB Home during the third quarter valued at about $61,000. Finally, Quest Partners LLC increased its holdings in shares of KB Home by 101,600.0% in the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock worth $87,000 after buying an additional 1,016 shares during the period. Institutional investors own 96.09% of the company’s stock.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

KB Home Stock Down 0.7 %

Shares of KBH stock opened at $65.00 on Tuesday. The business’s fifty day moving average is $75.57 and its 200 day moving average is $78.24. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.57 and a beta of 1.86. KB Home has a twelve month low of $58.05 and a twelve month high of $89.70.

KB Home Announces Dividend

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

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.