KB Home (NYSE:KBH) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of KB Home (NYSE:KBH) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,791 shares of the construction company’s stock after purchasing an additional 859 shares during the quarter. Janney Montgomery Scott LLC’s holdings in KB Home were worth $1,432,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC boosted its stake in shares of KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after buying an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares during the last quarter. Neo Ivy Capital Management acquired a new position in KB Home during the 3rd quarter worth approximately $956,000. Cerity Partners LLC increased its position in shares of 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. Finally, Citigroup Inc. raised its holdings in shares of KB Home by 62.1% in the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock valued at $9,173,000 after purchasing an additional 40,992 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Activity

In other KB Home 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 transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KBH shares. Barclays dropped their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday, January 28th. UBS Group dropped their price objective on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.21.

KB Home Price Performance

Shares of NYSE:KBH opened at $65.42 on Tuesday. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $70.62 and its two-hundred day moving average is $77.73. The firm has a market capitalization of $4.72 billion, a P/E ratio of 7.72, a PEG ratio of 0.97 and a beta of 1.86. KB Home has a 52 week low of $58.15 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly 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. The company had revenue of $2 billion during 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. Analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

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.