LPL Financial LLC lessened its position in KB Home (NYSE:KBH) by 23.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,582 shares of the construction company’s stock after selling 5,389 shares during the quarter. LPL Financial LLC’s holdings in KB Home were worth $562,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Teachers Advisors LLC raised its holdings in KB Home by 1.1% in the 4th quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock worth $4,999,000 after acquiring an additional 1,676 shares during the period. SignalPoint Asset Management LLC raised its holdings in KB Home by 6.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 30,886 shares of the construction company’s stock worth $987,000 after acquiring an additional 1,835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in KB Home by 83.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,947 shares during the period. ING Groep NV raised its holdings in KB Home by 24.4% in the 4th quarter. ING Groep NV now owns 12,701 shares of the construction company’s stock worth $406,000 after acquiring an additional 2,495 shares during the period. Finally, Lisanti Capital Growth LLC raised its holdings in KB Home by 4.4% in the 4th quarter. Lisanti Capital Growth LLC now owns 64,749 shares of the construction company’s stock worth $2,069,000 after acquiring an additional 2,750 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.
In other KB Home news, SVP Thomas F. Norton sold 47,179 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were 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 directly owns 103,562 shares in the company, valued at $3,139,999.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeff Kaminski sold 125,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the transaction, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.
KBH has been the topic of several recent analyst reports. Buckingham Research downgraded shares of KB Home from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price objective on shares of KB Home in a report on Wednesday, March 21st. Wedbush dropped their price objective on shares of KB Home from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, March 23rd. Credit Suisse Group restated a “neutral” rating and set a $38.00 price objective (up previously from $31.00) on shares of KB Home in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.25.
Shares of KB Home stock opened at $26.20 on Tuesday. The stock has a market cap of $2,282.71, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. KB Home has a twelve month low of $19.80 and a twelve month high of $38.80.
KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, March 22nd. The construction company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.11. The firm had revenue of $871.60 million for the quarter, compared to analyst estimates of $878.77 million. KB Home had a net margin of 2.15% and a return on equity of 11.16%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. analysts anticipate that KB Home will post 2.84 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, May 3rd will be given a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, May 2nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. KB Home’s dividend payout ratio (DPR) is presently 5.41%.
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KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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