KB Home (NYSE:KBH) Shares Sold by Inceptionr LLC

Inceptionr LLC lowered its position in KB Home (NYSE:KBH) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,609 shares of the construction company’s stock after selling 5,312 shares during the quarter. Inceptionr LLC’s holdings in KB Home were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in 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 buying an additional 179 shares in the last quarter. Blue Trust Inc. lifted its holdings in KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after buying an additional 194 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Jupiter Wealth Management LLC lifted its holdings in KB Home by 1.2% in the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after buying an additional 225 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in KB Home by 1.8% in the 4th quarter. US Bancorp DE now owns 12,691 shares of the construction company’s stock worth $834,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.44% of the stock is owned by insiders.

KB Home Price Performance

KBH 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 price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a fifty-two week low of $59.00 and a fifty-two week high of $89.70. The company’s 50-day moving average price is $64.99 and its 200 day moving average price is $74.71. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last posted its earnings results 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 analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. KB Home’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company 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 annualized dividend 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 11.81%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. 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 report on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. The Goldman Sachs Group cut their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays cut their target price on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.38.

KB Home 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.