Proficio Capital Partners LLC Buys New Stake in KB Home (NYSE:KBH)

Proficio Capital Partners LLC acquired a new position in KB Home (NYSE:KBH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,819 shares of the construction company’s stock, valued at approximately $1,434,000.

A number of other large investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after acquiring an additional 1,752,498 shares in the last quarter. State Street Corp boosted its stake in shares of KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock worth $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock worth $149,928,000 after acquiring an additional 75,143 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of KB Home by 0.9% during 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 in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of KB Home during the 3rd quarter worth about $89,899,000. 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 stock in a transaction that occurred on 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 sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.44% of the company’s stock.

KB Home Stock Down 0.5 %

Shares of NYSE KBH opened at $61.21 on Friday. KB Home has a 12-month low of $59.00 and a 12-month high of $89.70. The stock has a market cap of $4.37 billion, a PE ratio of 7.23, a P/E/G ratio of 0.90 and a beta of 1.89. 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 company has a 50-day moving average of $64.29 and a 200 day moving average of $73.34.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the company posted $1.85 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. KB Home’s dividend payout ratio (DPR) is 11.81%.

Analyst Upgrades and Downgrades

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

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.