KB Home (NYSE:KBH) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in KB Home (NYSE:KBH) by 37.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,056 shares of the construction company’s stock after purchasing an additional 2,737 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KB Home were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. raised its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after buying an additional 179 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the period. Amundi boosted its holdings in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after acquiring an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home during the third quarter valued at approximately $59,000. Institutional investors own 96.09% of the company’s stock.

KB Home Trading Down 0.2 %

KB Home stock opened at $60.54 on Tuesday. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.15, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a 50 day moving average price of $64.53 and a 200 day moving average price of $73.68.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for 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%. KB Home’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. Research 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 was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is presently 11.81%.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Company insiders own 4.44% of the company’s stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of research reports. Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Barclays cut their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Finally, The Goldman Sachs Group cut their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.21.

KB Home Company 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.