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

Kingsview Wealth Management LLC boosted its position in KB Home (NYSE:KBH) by 103.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,631 shares of the construction company’s stock after buying an additional 21,675 shares during the period. Kingsview Wealth Management LLC’s holdings in KB Home were worth $2,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KBH. Financial Management Professionals Inc. bought a new stake in shares of KB Home in the 3rd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home in the third quarter worth $43,000. Wilmington Savings Fund Society FSB acquired a new position in KB Home in the third quarter worth $59,000. Banque Cantonale Vaudoise bought a new stake in KB Home during the third quarter valued at $61,000. Finally, Versant Capital Management Inc raised its holdings in shares of KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KBH shares. Keefe, Bruyette & Woods decreased their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report 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. Raymond James reiterated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 company. According to MarketBeat.com, KB Home currently has an average rating of “Hold” and an average target price of $76.21.

KB Home Price Performance

Shares of NYSE KBH opened at $63.46 on Monday. The firm’s 50-day simple moving average is $68.88 and its 200 day simple moving average is $77.23. The stock has a market cap 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 quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a fifty-two week low of $59.75 and a fifty-two week high of $89.70.

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

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s payout ratio is currently 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.