Pacer Advisors Inc. Has $877,000 Stock Holdings in KB Home (NYSE:KBH)

Pacer Advisors Inc. grew its stake in KB Home (NYSE:KBH) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,350 shares of the construction company’s stock after purchasing an additional 2,797 shares during the quarter. Pacer Advisors Inc.’s holdings in KB Home were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. KBC Group NV boosted its position in shares of KB Home by 44.2% during the 4th quarter. KBC Group NV now owns 3,007 shares of the construction company’s stock worth $198,000 after acquiring an additional 922 shares in the last quarter. Blue Trust Inc. increased its position in KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after acquiring an additional 456 shares during the period. Inspire Investing LLC lifted its holdings in KB Home by 4.1% during the 4th quarter. Inspire Investing LLC now owns 32,122 shares of the construction company’s stock worth $2,111,000 after buying an additional 1,268 shares during the period. Janney Montgomery Scott LLC boosted its holdings in KB Home by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,791 shares of the construction company’s stock valued at $1,432,000 after acquiring an additional 859 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of KB Home by 109.3% during the fourth quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company’s stock worth $604,000 after buying an additional 4,801 shares during the period. Institutional investors own 96.09% of the company’s stock.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on KBH shares. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price target for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 28th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Evercore ISI lifted their target price on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.21.

KB Home Stock Down 2.5 %

KBH opened at $65.42 on Tuesday. The company has a 50 day moving average of $70.62 and a 200 day moving average of $77.73. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12 month low of $58.15 and a 12 month high of $89.70. The company has a market cap of $4.72 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.86.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 EPS. On average, sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.53%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

KB Home 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.