Generali Investments CEE investicni spolecnost a.s. Invests $1.77 Million in KB Home (NYSE:KBH)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of KB Home (NYSE:KBH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,000 shares of the construction company’s stock, valued at approximately $1,774,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after buying an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of KB Home in the 3rd quarter valued at approximately $956,000. Blue Trust Inc. boosted its position in shares of KB Home by 35.9% during the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after purchasing an additional 456 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in KB Home by 24.7% in the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after purchasing an additional 7,679 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday. UBS Group lowered their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Finally, Bank of America dropped their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $75.38.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This 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 can be accessed through the SEC website. Company insiders own 4.44% of the company’s stock.

KB Home Stock Down 0.7 %

KB Home stock opened at $64.00 on Friday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.90 and a beta of 1.89. The stock has a fifty day simple moving average of $64.99 and a two-hundred day simple moving average of $74.67. 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 released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating the consensus estimate 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 posted $1.85 earnings per share. KB Home’s revenue was up 19.5% compared to the same quarter last year. Equities analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

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