Kingsview Wealth Management LLC Boosts Stock Position in KB Home (NYSE:KBH)

Kingsview Wealth Management LLC raised its position in KB Home (NYSE:KBH) by 103.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,631 shares of the construction company’s stock after purchasing an additional 21,675 shares during the period. Kingsview Wealth Management LLC owned about 0.06% of KB Home worth $2,802,000 at the end of the most recent reporting period.

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

KB Home Stock Down 4.5 %

Shares of NYSE KBH opened at $63.46 on Monday. The stock has a fifty day moving average price of $68.88 and a 200 day moving average price of $77.23. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12-month low of $59.75 and a 12-month high of $89.70. The company 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.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. Research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.58%. KB Home’s dividend payout ratio is currently 11.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KBH. Evercore ISI raised their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Royal Bank of Canada raised shares of 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 note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.21.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on 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 sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.44% of the company’s stock.

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.