Laurel Wealth Advisors Inc. reduced its position in KB Home (NYSE:KBH) by 52.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,900 shares of the construction company’s stock after selling 15,209 shares during the period. Laurel Wealth Advisors Inc.’s holdings in KB Home were worth $444,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank increased its position in KB Home by 2.9% in the 4th quarter. Swiss National Bank now owns 129,400 shares of the construction company’s stock valued at $4,134,000 after acquiring an additional 3,700 shares during the period. Prudential Financial Inc. increased its position in KB Home by 1.0% in the 3rd quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock valued at $16,726,000 after acquiring an additional 6,570 shares during the period. Foundry Partners LLC increased its position in KB Home by 3.3% in the 4th quarter. Foundry Partners LLC now owns 682,170 shares of the construction company’s stock valued at $21,795,000 after acquiring an additional 21,749 shares during the period. Piedmont Investment Advisors LLC acquired a new position in KB Home in the 3rd quarter valued at about $1,041,000. Finally, American International Group Inc. increased its position in KB Home by 3.0% in the 3rd quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock valued at $5,470,000 after acquiring an additional 6,581 shares during the period. 95.68% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Credit Suisse Group restated a “neutral” rating and issued a $31.00 price target (up previously from $25.00) on shares of KB Home in a research report on Thursday, January 11th. ValuEngine upgraded KB Home from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush boosted their price target on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. Finally, Mizuho set a $35.00 price target on KB Home and gave the company a “hold” rating in a research report on Thursday, January 18th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $29.07.
KB Home (KBH) opened at $28.18 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 52-week low of $18.73 and a 52-week high of $38.80. The stock has a market capitalization of $2,510.02, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.
KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. sell-side analysts forecast that KB Home will post 2.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.35%. The ex-dividend date was Wednesday, February 7th. KB Home’s payout ratio is 5.46%.
In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the transaction, the chief financial officer now owns 237,775 shares in the company, valued at approximately $7,734,820.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas F. Norton sold 47,179 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total value of $1,430,467.28. Following the transaction, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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