Blue Trust Inc. Buys 194 Shares of KB Home (NYSE:KBH)

Blue Trust Inc. boosted its stake in KB Home (NYSE:KBH) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,465 shares of the construction company’s stock after acquiring an additional 194 shares during the quarter. Blue Trust Inc.’s holdings in KB Home were worth $96,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in KB Home during the 3rd quarter worth about $32,000. Riggs Asset Managment Co. Inc. bought a new stake in KB Home during the 3rd quarter worth about $43,000. Wilmington Savings Fund Society FSB bought a new stake in KB Home during the 3rd quarter worth about $59,000. Banque Cantonale Vaudoise bought a new stake in KB Home during the 3rd quarter worth about $61,000. Finally, Versant Capital Management Inc lifted its position in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred 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 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 4.44% of the company’s stock.

KB Home Stock Down 2.4 %

Shares of KBH opened at $61.30 on Friday. KB Home has a 52 week low of $60.26 and a 52 week high of $89.70. The firm has a market cap of $4.42 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. The firm’s 50-day simple moving average is $66.03 and its 200 day simple moving average is $75.94. 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 announced its 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. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business posted $1.85 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.63%. KB Home’s payout ratio is presently 11.81%.

Analyst Ratings Changes

Several brokerages have commented on KBH. UBS Group cut their price target 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. Wells Fargo & Company lowered their price objective on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 28th. Evercore ISI boosted their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Bank of America lowered their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average 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.