KB Home (NYSE:KBH) Shares Bought by US Bancorp DE

US Bancorp DE boosted its holdings in shares of KB Home (NYSE:KBH) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,691 shares of the construction company’s stock after acquiring an additional 227 shares during the quarter. US Bancorp DE’s holdings in KB Home were worth $834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KBH. Principal Securities Inc. increased its stake in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares during the last quarter. Versant Capital Management Inc increased its stake in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in KB Home during the third quarter worth $59,000. Banque Cantonale Vaudoise acquired a new stake in KB Home during the third quarter worth $61,000. Finally, Quest Partners LLC increased its stake in KB Home by 101,600.0% during the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock worth $87,000 after acquiring an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Trading Down 0.1 %

NYSE:KBH opened at $63.96 on Tuesday. The firm has a market cap of $4.62 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The stock has a fifty day moving average price of $64.96 and a 200 day moving average price of $74.49. KB Home has a 12-month low of $59.00 and a 12-month high of $89.70. 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 (NYSE:KBH) last posted its quarterly 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 company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the firm earned $1.85 earnings per share. KB Home’s quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

Insider Buying and Selling at KB Home

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KBH. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Bank of America lowered their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company lowered their price target on KB Home from $65.00 to $63.00 and set an “underweight” rating for the company in a research report on Monday. Evercore ISI raised their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Finally, UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.21.

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.