KB Home (NYSE:KBH) Shares Purchased by Ghe LLC

Ghe LLC boosted its stake in shares of KB Home (NYSE:KBH) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,239 shares of the construction company’s stock after purchasing an additional 2,042 shares during the period. KB Home makes up approximately 0.8% of Ghe LLC’s portfolio, making the stock its 24th biggest holding. Ghe LLC’s holdings in KB Home were worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KBH. Financial Management Professionals Inc. purchased a new position in shares of KB Home in the 3rd quarter worth $32,000. Principal Securities Inc. raised its holdings in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares during the period. Riggs Asset Managment Co. Inc. purchased a new position in shares of KB Home in the 3rd quarter worth about $43,000. Versant Capital Management Inc lifted its stake in shares of KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $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 at the SEC website. 4.44% of the stock is currently owned by insiders.

KB Home Price Performance

Shares of KBH stock opened at $61.30 on Monday. KB Home has a twelve month low of $60.26 and a twelve 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. The company has a market capitalization of $4.42 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. The firm has a fifty day simple moving average of $66.03 and a 200-day simple moving average of $75.91.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating 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 the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $1.85 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

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

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.