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

Strategic Financial Concepts LLC acquired a new stake in shares of KB Home (NYSE:KBH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,716 shares of the construction company’s stock, valued at approximately $1,427,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in KB Home by 0.8% during 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 boosted its stake in shares of KB Home by 10.2% during 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 lifted 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 worth $1,619,000 after acquiring an additional 225 shares during the period. Blue Trust Inc. lifted its stake in KB Home by 23.4% in 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 lifted its stake in KB Home by 1.3% in 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. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Up 0.8 %

KBH stock opened at $63.98 on Tuesday. KB Home has a 1-year low of $60.00 and a 1-year high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.96 and a beta of 1.86. The business has a 50 day simple moving average of $68.88 and a two-hundred day simple moving average of $77.21.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. Research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.56%. KB Home’s payout ratio is presently 11.81%.

Insider Activity at KB Home

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their price objective for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Evercore ISI raised their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Bank of America reduced their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Two 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. According to MarketBeat, KB Home currently has a consensus rating of “Hold” and an average target price of $76.21.

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.