Proficio Capital Partners LLC Makes New $1.43 Million Investment in KB Home (NYSE:KBH)

Proficio Capital Partners LLC purchased a new stake in shares of KB Home (NYSE:KBH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,819 shares of the construction company’s stock, valued at approximately $1,434,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KBH. Natixis Advisors LLC raised its stake in shares of KB Home by 11.0% during the third quarter. Natixis Advisors LLC now owns 29,868 shares of the construction company’s stock valued at $2,559,000 after acquiring an additional 2,960 shares in the last quarter. Quest Partners LLC raised its stake in shares of KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after acquiring an additional 1,016 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of KB Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock valued at $1,759,000 after acquiring an additional 263 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of KB Home during the third quarter valued at approximately $61,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of KB Home during the third quarter valued at approximately $2,151,000. Institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KBH shares. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group cut their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lifted their price objective 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. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.21.

KB Home Price Performance

NYSE KBH opened at $61.21 on Friday. The firm’s fifty day simple moving average is $64.29 and its two-hundred day simple moving average is $73.34. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12-month low of $59.00 and a 12-month high of $89.70. The firm has a market capitalization of $4.37 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.90 and a beta of 1.89.

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

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.44% of the company’s stock.

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.