Blue Trust Inc. Purchases 456 Shares of KB Home (NYSE:KBH)

Blue Trust Inc. lifted its stake in KB Home (NYSE:KBH) by 35.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,727 shares of the construction company’s stock after purchasing an additional 456 shares during the period. Blue Trust Inc.’s holdings in KB Home were worth $113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of KB Home by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after acquiring an additional 161 shares in the last quarter. CWM LLC increased its holdings in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after buying an additional 183 shares during the last quarter. Jupiter Wealth Management LLC lifted its stake in KB Home by 1.2% in the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after purchasing an additional 225 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of KB Home by 1.3% during the 3rd 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. Finally, Hancock Whitney Corp boosted its position in KB Home by 1.1% during the third quarter. Hancock Whitney Corp now owns 24,208 shares of the construction company’s stock worth $2,074,000 after purchasing an additional 265 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KBH. Keefe, Bruyette & Woods lowered their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their price objective on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday, January 28th. UBS Group cut their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Bank of America lowered their price objective on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Evercore ISI raised their target price on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.21.

KB Home Price Performance

KBH stock opened at $66.28 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 1 year low of $59.47 and a 1 year high of $89.70. The company’s 50-day moving average is $69.60 and its 200-day moving average is $77.46. The stock has a market capitalization of $4.78 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.97 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 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during 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%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. Equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. KB Home’s dividend payout ratio is currently 11.81%.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 34,473 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.52% of the company’s stock.

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.