Jones Financial Companies Lllp Raises Stock Position in KB Home (NYSE:KBH)

Jones Financial Companies Lllp lifted its stake in shares of KB Home (NYSE:KBH) by 65.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 540 shares of the construction company’s stock after buying an additional 214 shares during the quarter. Jones Financial Companies Lllp’s holdings in KB Home were worth $36,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after buying an additional 38,638 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of KB Home during the 3rd quarter worth approximately $956,000. Blue Trust Inc. lifted its position in shares of KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after buying an additional 456 shares during the last quarter. Finally, Cerity Partners LLC raised its position in KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. The Goldman Sachs Group reduced their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Bank of America dropped their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Evercore ISI boosted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Two 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.21.

KB Home Stock Performance

NYSE:KBH opened at $60.23 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a fifty-two week low of $59.00 and a fifty-two week high of $89.70. The stock has a market cap of $4.30 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The firm’s fifty day simple moving average is $64.44 and its 200-day simple moving average is $73.51.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS 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 for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.66%. KB Home’s dividend payout ratio is presently 11.81%.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.44% of the company’s stock.

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.