Blue Trust Inc. Purchases 194 Shares of KB Home (NYSE:KBH)

Blue Trust Inc. lifted its position in shares of KB Home (NYSE:KBH) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,465 shares of the construction company’s stock after buying an additional 194 shares during the period. Blue Trust Inc.’s holdings in KB Home were worth $96,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KBH. Creative Planning lifted its stake in KB Home by 36.8% in the 3rd quarter. Creative Planning now owns 32,372 shares of the construction company’s stock valued at $2,774,000 after purchasing an additional 8,710 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in KB Home in the 3rd quarter valued at approximately $217,000. Ballentine Partners LLC lifted its stake in KB Home by 10.9% in the 3rd quarter. Ballentine Partners LLC now owns 11,683 shares of the construction company’s stock valued at $1,001,000 after purchasing an additional 1,145 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in KB Home by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in KB Home in the 3rd quarter valued at approximately $32,000. Institutional investors own 96.09% of the company’s stock.

KB Home Trading Down 2.4 %

KBH opened at $61.30 on Friday. KB Home has a twelve month low of $60.26 and a twelve month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $66.03 and a 200-day moving average of $75.94. The stock has a market cap of $4.42 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share 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 analysts’ expectations 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. On average, sell-side analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods dropped 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 research note on Friday, January 17th. Evercore ISI raised their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Bank of America dropped their price target on shares of 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, Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus price target of $76.21.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction 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 directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.