Vest Financial LLC Increases Holdings in KB Home (NYSE:KBH)

Vest Financial LLC increased its position in KB Home (NYSE:KBH) by 117.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,899 shares of the construction company’s stock after buying an additional 19,927 shares during the quarter. Vest Financial LLC’s holdings in KB Home were worth $2,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. bought a new stake in KB Home in the third quarter worth $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in KB Home during the 3rd quarter valued at about $43,000. Versant Capital Management Inc grew its position in KB Home by 275.7% during 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home in the 3rd quarter worth approximately $59,000. Finally, Banque Cantonale Vaudoise bought a new stake in KB Home in the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

KBH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Evercore ISI boosted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Bank of America dropped their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Barclays lowered their price target 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. Finally, Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Two investment 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $76.21.

KB Home Stock Performance

Shares of KB Home stock opened at $63.46 on Friday. KB Home has a 12 month low of $59.75 and a 12 month high of $89.70. The firm has a market capitalization of $4.58 billion, a P/E ratio of 7.49, a P/E/G ratio of 0.96 and a beta of 1.86. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $68.88 and a two-hundred day simple moving average of $77.26.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. On average, equities analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

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. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. KB Home’s payout ratio is currently 11.81%.

Insider Buying and Selling at KB Home

In other KB Home 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 directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.44% of the stock is owned by company insiders.

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.