KB Home (NYSE:KBH) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of KB Home (NYSE:KBH) by 40.8% in the 4th quarter, Holdings Channel reports. The fund owned 75,409 shares of the construction company’s stock after acquiring an additional 21,852 shares during the quarter. Victory Capital Management Inc.’s holdings in KB Home were worth $4,956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp boosted its holdings in shares of KB Home by 1.3% in the third quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in KB Home by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after acquiring an additional 75,143 shares during the period. Geode Capital Management LLC grew its holdings in shares of KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after acquiring an additional 16,593 shares during the period. Finally, Holocene Advisors LP purchased a new stake in shares of KB Home in the third quarter valued at about $89,899,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Performance

KB Home stock opened at $60.59 on Friday. The company has a market capitalization of $4.37 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.90 and a beta of 1.89. The business has a 50 day moving average of $64.62 and a 200-day moving average of $73.90. 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 $59.00 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data 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. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.65%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Analyst Upgrades and Downgrades

KBH has been the subject of several research analyst reports. Barclays dropped 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 research report on Tuesday, January 14th. UBS Group dropped their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the company from $70.00 to $67.00 in a report on Friday, January 10th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KB Home presently has an average rating of “Hold” and a consensus target price of $75.21.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.52% of the stock is owned by corporate 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.