KB Home (NYSE:KBH) Shares Acquired by RBA Wealth Management LLC

RBA Wealth Management LLC boosted its stake in KB Home (NYSE:KBH) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 62,683 shares of the construction company’s stock after purchasing an additional 1,244 shares during the period. RBA Wealth Management LLC’s holdings in KB Home were worth $4,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after acquiring an additional 161 shares during the last quarter. CWM LLC increased its stake in KB Home by 10.2% in the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after purchasing an additional 183 shares during the period. Jupiter Wealth Management LLC increased its stake in KB Home by 1.2% in the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after purchasing an additional 225 shares during the period. Blue Trust Inc. increased its stake in shares of KB Home by 23.4% during the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after acquiring an additional 241 shares during the period. Finally, Pathstone Holdings LLC increased its stake in shares of KB Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock worth $1,759,000 after acquiring an additional 263 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on KBH shares. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price target for the company from $70.00 to $67.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lowered their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Keefe, Bruyette & Woods decreased 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. Wells Fargo & Company decreased their target price on 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, Barclays reduced their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, KB Home presently has an average rating of “Hold” and an average target price of $76.21.

KB Home Trading Down 2.5 %

Shares of NYSE:KBH opened at $65.42 on Tuesday. The stock has a market capitalization of $4.72 billion, a PE ratio of 7.72, a P/E/G ratio of 0.97 and a beta of 1.86. KB Home has a 1 year low of $58.15 and a 1 year high of $89.70. The firm has a fifty day moving average price of $70.62 and a 200 day moving average price of $77.73. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping 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 firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a $0.25 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. KB Home’s payout ratio is presently 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.