Caprock Group LLC Sells 1,680 Shares of KB Home (NYSE:KBH)

Caprock Group LLC reduced its holdings in KB Home (NYSE:KBH) by 30.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,840 shares of the construction company’s stock after selling 1,680 shares during the period. Caprock Group LLC’s holdings in KB Home were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KBH. Cetera Investment Advisers lifted its holdings 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 last quarter. Sanctuary Advisors LLC purchased a new stake in KB Home during the second quarter valued at approximately $691,000. Handelsbanken Fonder AB lifted its stake in shares of KB Home by 54.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,074 shares of the construction company’s stock valued at $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 worth $319,000 after purchasing an additional 636 shares during the period. Finally, CWM LLC increased its position in shares of KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after purchasing an additional 183 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KBH shares. Wells Fargo & Company lowered their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday, January 28th. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. UBS Group reduced their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and dropped their target price for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.21.

KB Home Stock Performance

KB Home stock opened at $66.28 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company has a market capitalization of $4.78 billion, a PE ratio of 7.83, a P/E/G ratio of 0.97 and a beta of 1.86. The company has a 50 day moving average price of $69.60 and a 200-day moving average price of $77.46. KB Home has a fifty-two week low of $59.47 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last issued its earnings results 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. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company posted $1.85 EPS. KB Home’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insiders Place Their Bets

In other 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 completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.52% of the stock is owned by company insiders.

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.