Diversified Trust Co Has $792,000 Stake in KB Home (NYSE:KBH)

Diversified Trust Co decreased its stake in shares of KB Home (NYSE:KBH) by 32.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,047 shares of the construction company’s stock after selling 5,660 shares during the quarter. Diversified Trust Co’s holdings in KB Home were worth $792,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in KB Home during the third quarter valued at about $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the 3rd quarter worth approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Home during the third quarter valued at approximately $59,000. Banque Cantonale Vaudoise acquired a new position in shares of KB Home in the third quarter valued at $61,000. Finally, Versant Capital Management Inc raised its stake 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 purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,737,156.20. 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 is available through this link. Insiders own 4.44% of the company’s stock.

KB Home Stock Performance

Shares of KBH stock opened at $65.23 on Friday. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70. The stock has a market capitalization of $4.78 billion, a PE ratio of 8.36, a PEG ratio of 0.57 and a beta of 1.86. The stock’s fifty day moving average is $74.46 and its 200-day moving average is $77.98.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America boosted their price target on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Wells Fargo & Company dropped their price target on shares of KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a research report on Tuesday, December 17th. UBS Group lowered their price objective on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays cut KB Home from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $99.00 to $85.00 in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $80.25.

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.