KB Home (NYSE:KBH) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its stake in KB Home (NYSE:KBH) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,991 shares of the construction company’s stock after purchasing an additional 381 shares during the period. Atria Investments Inc’s holdings in KB Home were worth $525,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KBH. FMR LLC increased its holdings in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the last quarter. Holocene Advisors LP acquired a new stake in KB Home in the 3rd quarter valued at approximately $89,899,000. Hennessy Advisors Inc. acquired a new stake in KB Home in the 4th quarter valued at approximately $44,118,000. Charles Schwab Investment Management Inc. increased its holdings in KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after purchasing an additional 164,010 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in KB Home by 15.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 699,668 shares of the construction company’s stock valued at $45,982,000 after purchasing an additional 93,277 shares during the last quarter. Institutional investors and hedge funds 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 dated 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 completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.52% of the stock is owned by insiders.

KB Home Price Performance

Shares of 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 market capitalization of $4.37 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The firm has a 50-day simple moving average of $64.62 and a 200-day simple moving average of $73.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. KB Home’s payout ratio is currently 11.81%.

Analyst Upgrades and Downgrades

KBH has been the subject of several research reports. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group dropped their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their target price on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. Finally, Bank of America lowered their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $75.21.

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.