KB Home (NYSE:KBH) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its stake in KB Home (NYSE:KBH) by 35.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,727 shares of the construction company’s stock after buying an additional 456 shares during the quarter. Blue Trust Inc.’s holdings in KB Home were worth $113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in KBH. Cetera Investment Advisers raised its stake in shares of KB Home by 3.1% in the 2nd quarter. Cetera Investment Advisers now owns 23,097 shares of the construction company’s stock valued at $1,621,000 after acquiring an additional 698 shares during the period. Sanctuary Advisors LLC bought a new position in KB Home during the 2nd quarter worth approximately $691,000. Handelsbanken Fonder AB lifted its stake in KB Home by 54.6% during the third quarter. Handelsbanken Fonder AB now owns 22,074 shares of the construction company’s stock worth $1,892,000 after purchasing an additional 7,800 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in shares of KB Home by 20.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 3,724 shares of the construction company’s stock valued at $319,000 after buying an additional 636 shares during the period. Finally, CWM LLC boosted its stake in KB Home by 10.2% in the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after acquiring an additional 183 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.52% of the stock is owned by insiders.

KB Home Trading Down 1.5 %

Shares of KBH stock opened at $66.28 on Friday. The firm’s fifty day simple moving average is $69.60 and its 200 day simple moving average is $77.46. The firm has a market capitalization of $4.78 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.86. 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 1 year low of $59.47 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last issued its earnings results 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 return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business earned $1.85 earnings per share. KB Home’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio is 11.81%.

Wall Street Analysts Forecast Growth

KBH has been the topic of several analyst reports. Bank of America lowered their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Raymond James reissued an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. UBS Group lowered their price target 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. Finally, Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $76.21.

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.