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, Holdings Channel reports. The firm bought 27,000 shares of the construction company’s stock, valued at approximately $1,774,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its stake in shares of 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. grew its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after acquiring an additional 164,010 shares during the period. Neo Ivy Capital Management purchased a new stake in KB Home in the 3rd quarter worth approximately $956,000. Blue Trust Inc. raised its stake in KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after acquiring an additional 456 shares during the period. Finally, Cerity Partners LLC lifted its holdings in KB Home by 24.7% during the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 trade 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KBH. Barclays reduced their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday. Raymond James reiterated an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KB Home currently has an average rating of “Hold” and an average price target of $75.38.

KB Home Stock Performance

NYSE:KBH opened at $64.00 on Friday. The company 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. KB Home has a 1 year low of $59.00 and a 1 year high of $89.70. The stock’s 50 day simple moving average is $64.99 and its two-hundred day simple moving average is $74.67. 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 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 net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $1.85 earnings per share. KB Home’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 annualized dividend and a yield of 1.56%. KB Home’s dividend payout ratio is currently 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.