Livforsakringsbolaget Skandia Omsesidigt Has $2.12 Million Stake in KB Home (NYSE:KBH)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of KB Home (NYSE:KBH) by 143.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,200 shares of the construction company’s stock after acquiring an additional 19,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in KB Home were worth $2,116,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC boosted its stake in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp boosted its stake in KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after purchasing an additional 45,311 shares during the period. Fisher Asset Management LLC boosted its stake in KB Home by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after purchasing an additional 73,051 shares during the period. Geode Capital Management LLC boosted its stake in KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after purchasing an additional 16,593 shares during the period. Finally, Holocene Advisors LP bought a new stake in KB Home during the 3rd quarter valued at approximately $89,899,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

Shares of NYSE KBH opened at $66.28 on Friday. KB Home has a twelve month low of $59.47 and a twelve month high of $89.70. The business’s 50 day moving average price is $69.60 and its two-hundred day moving average price is $77.46. 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 cap of $4.78 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.86.

KB Home (NYSE:KBH) last posted 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 for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors 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 1.51%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. 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 at the SEC website. 3.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KBH. Evercore ISI increased their target price on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Bank of America reduced their price objective on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.21.

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.