Victory Capital Management Inc. Buys 21,852 Shares of KB Home (NYSE:KBH)

Victory Capital Management Inc. increased its position in shares of KB Home (NYSE:KBH) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,409 shares of the construction company’s stock after acquiring an additional 21,852 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of KB Home worth $4,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. US Bancorp DE increased its position in KB Home by 1.8% during the 4th quarter. US Bancorp DE now owns 12,691 shares of the construction company’s stock valued at $834,000 after buying an additional 227 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of KB Home by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock worth $149,928,000 after purchasing an additional 75,143 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of KB Home by 6.8% during the fourth quarter. QRG Capital Management Inc. now owns 36,766 shares of the construction company’s stock valued at $2,416,000 after buying an additional 2,342 shares during the last quarter. Finally, Versor Investments LP raised its stake in shares of KB Home by 103.2% in the fourth quarter. Versor Investments LP now owns 18,557 shares of the construction company’s stock worth $1,220,000 after purchasing an additional 9,425 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s 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 directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.52% of the stock is currently owned by insiders.

KB Home Trading Up 1.2 %

NYSE:KBH opened at $60.59 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 firm has a market cap of $4.37 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.90 and a beta of 1.89. The firm has a 50-day simple moving average of $64.62 and a 200-day simple moving average of $73.90. KB Home has a one year low of $59.00 and a one year high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data 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 net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted $1.85 EPS. KB Home’s revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.65%. KB Home’s dividend payout ratio is currently 11.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KBH shares. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Bank of America lowered their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.21.

About KB Home

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.