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

Ghe LLC increased its position in KB Home (NYSE:KBH) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,239 shares of the construction company’s stock after acquiring an additional 2,042 shares during the period. KB Home makes up 0.8% of Ghe LLC’s portfolio, making the stock its 24th biggest position. Ghe LLC’s holdings in KB Home were worth $2,119,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KBH. Financial Management Professionals Inc. acquired a new stake in shares of KB Home in the 3rd quarter worth about $32,000. Principal Securities Inc. increased 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 acquiring an additional 179 shares during the period. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home in the 3rd quarter worth about $43,000. Versant Capital Management Inc increased its holdings 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 worth $50,000 after acquiring an additional 557 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home in the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America lowered their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays lowered 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. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Finally, Raymond James reissued an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.21.

KB Home Stock Performance

Shares of KBH opened at $61.30 on Monday. KB Home has a one year low of $60.26 and a one year high of $89.70. The company has a 50-day moving average of $66.03 and a two-hundred day moving average of $75.91. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

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

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.44% of the stock is owned by insiders.

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.