State of Alaska Department of Revenue Has $528,000 Stake in KB Home (NYSE:KBH)

State of Alaska Department of Revenue decreased its holdings in shares of KB Home (NYSE:KBH) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,035 shares of the construction company’s stock after selling 335 shares during the quarter. State of Alaska Department of Revenue’s holdings in KB Home were worth $528,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KBH. CWM LLC raised its stake in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after acquiring an additional 183 shares in the last quarter. Creative Planning grew its holdings in shares of KB Home by 36.8% during the third quarter. Creative Planning now owns 32,372 shares of the construction company’s stock worth $2,774,000 after purchasing an additional 8,710 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of KB Home during the third quarter worth about $420,000. Blue Trust Inc. grew its holdings in shares of KB Home by 23.4% during the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after purchasing an additional 241 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in shares of KB Home by 7.4% during the third quarter. Vest Financial LLC now owns 16,972 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 1,168 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

KB Home stock opened at $64.96 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.96 and a beta of 1.86. KB Home has a 52-week low of $60.26 and a 52-week high of $89.70. The stock’s 50 day moving average price is $67.52 and its two-hundred day moving average price is $76.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’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 earned $1.85 EPS. On average, equities analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company 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 1.54%. The ex-dividend date is Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.44% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KBH. Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James restated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a report on Tuesday, January 28th. Finally, UBS Group reduced their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.21.

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.