KB Home (NYSE:KBH) Stake Lessened by Inceptionr LLC

Inceptionr LLC cut its stake in KB Home (NYSE:KBH) by 33.4% in the 4th quarter, HoldingsChannel reports. The fund owned 10,609 shares of the construction company’s stock after selling 5,312 shares during the period. Inceptionr LLC’s holdings in KB Home were worth $697,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% in 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 in the last quarter. Principal Securities Inc. boosted its holdings in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter valued at approximately $59,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of KB Home in the third quarter valued at approximately $61,000. 96.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other KB Home 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 owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on KBH shares. Barclays reduced their target price on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. UBS Group reduced their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced 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. Wells Fargo & Company reduced their target price on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average target price of $75.38.

KB Home Stock Down 0.7 %

Shares of NYSE:KBH opened at $64.00 on Friday. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. 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 company has a market cap of $4.62 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The firm has a 50 day simple moving average of $64.99 and a 200 day simple moving average of $74.71.

KB Home (NYSE:KBH) last released its 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. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. KB Home’s payout ratio is 11.81%.

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.