Savant Capital LLC Decreases Stake in KB Home (NYSE:KBH)

Savant Capital LLC lowered its position in KB Home (NYSE:KBH) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,666 shares of the construction company’s stock after selling 224 shares during the period. Savant Capital LLC’s holdings in KB Home were worth $504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in shares of KB Home in the 4th quarter worth $618,000. Kingsview Wealth Management LLC increased its stake in shares of KB Home by 103.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 42,631 shares of the construction company’s stock worth $2,802,000 after acquiring an additional 21,675 shares during the last quarter. Vest Financial LLC increased its stake in shares of KB Home by 117.4% in the 4th quarter. Vest Financial LLC now owns 36,899 shares of the construction company’s stock worth $2,425,000 after acquiring an additional 19,927 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of KB Home by 143.9% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,200 shares of the construction company’s stock worth $2,116,000 after acquiring an additional 19,000 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of KB Home in the 4th quarter worth $1,427,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

NYSE KBH opened at $64.96 on Monday. The company has a market cap of $4.69 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.96 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The stock has a 50-day moving average of $67.25 and a two-hundred day moving average of $76.50. KB Home has a 1-year low of $60.26 and a 1-year high of $89.70.

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

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio is currently 11.81%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Bank of America cut their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Barclays cut their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $76.21.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value 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 approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.44% of the stock is currently owned by corporate insiders.

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.