Steward Partners Investment Advisory LLC Has $295,000 Stock Holdings in KB Home (NYSE:KBH)

Steward Partners Investment Advisory LLC decreased its holdings in KB Home (NYSE:KBH) by 9.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,490 shares of the construction company’s stock after selling 475 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in KB Home were worth $295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. raised its stake in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares in the last quarter. Versant Capital Management Inc raised its stake in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in KB Home in the 3rd quarter valued at about $59,000. Finally, Banque Cantonale Vaudoise bought a new position in KB Home in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI raised their target price on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wells Fargo & Company decreased their target price on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average target price of $75.21.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.52% of the company’s stock.

KB Home Trading Up 1.2 %

KBH opened at $60.59 on Friday. KB Home has a fifty-two week low of $59.00 and a fifty-two week high of $89.70. 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 firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.90 and a beta of 1.89. The company’s 50 day moving average price is $64.62 and its two-hundred day moving average price is $73.97.

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

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio 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.