KB Home (NYSE:KBH) Shares Acquired by KBC Group NV

KBC Group NV boosted its stake in KB Home (NYSE:KBH) by 44.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,007 shares of the construction company’s stock after acquiring an additional 922 shares during the period. KBC Group NV’s holdings in KB Home were worth $198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares during the period. CWM LLC grew its position in KB Home by 10.2% in the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after buying an additional 183 shares during the last quarter. Jupiter Wealth Management LLC increased its stake in KB Home by 1.2% in the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after buying an additional 225 shares during the period. Blue Trust Inc. raised its position in KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after buying an additional 241 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of KB Home by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock worth $1,759,000 after acquiring an additional 263 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KBH shares. Evercore ISI boosted their price target on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. UBS Group dropped their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and dropped their price objective for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, nine have given 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 a consensus target price of $76.21.

KB Home Price Performance

Shares of NYSE KBH opened at $66.54 on Wednesday. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.97 and a beta of 1.86. The company’s 50-day moving average price is $70.23 and its 200 day moving average price is $77.62. KB Home has a 52 week low of $58.15 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business earned $1.85 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. KB Home’s dividend payout ratio (DPR) is 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.