Strategic Financial Concepts LLC Purchases Shares of 21,716 KB Home (NYSE:KBH)

Strategic Financial Concepts LLC acquired a new position in shares of KB Home (NYSE:KBH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,716 shares of the construction company’s stock, valued at approximately $1,427,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in 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 purchasing an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in KB Home by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares during the last quarter. Blue Trust Inc. grew its holdings in KB Home by 35.9% during the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after purchasing an additional 456 shares during the period. Neo Ivy Capital Management bought a new stake in shares of KB Home in the 3rd quarter valued at $956,000. Finally, Cerity Partners LLC grew its position in shares of KB Home by 24.7% in the 3rd 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 during the period. Institutional investors own 96.09% of the company’s stock.

Analyst Ratings Changes

KBH has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. UBS Group lowered their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America dropped their price objective on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reduced their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.21.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’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 transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.44% of the stock is currently owned by insiders.

KB Home Price Performance

Shares of NYSE KBH opened at $64.96 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $4.69 billion, a PE ratio of 7.67, a P/E/G ratio of 0.96 and a beta of 1.86. The firm has a fifty day simple moving average of $67.25 and a 200 day simple moving average of $76.50. KB Home has a twelve month low of $60.26 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last issued its earnings results 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 return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $1.85 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 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.