6,084 Shares in KB Home (NYSE:KBH) Purchased by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in KB Home (NYSE:KBH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,084 shares of the construction company’s stock, valued at approximately $400,000.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. boosted its position in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home in the third quarter worth about $59,000. Banque Cantonale Vaudoise purchased a new position in KB Home in the third quarter worth about $61,000. Finally, Versant Capital Management Inc boosted its position in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on KBH shares. Barclays dropped their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada raised 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 report on Friday, January 10th. Evercore ISI lifted their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, UBS Group lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.21.

KB Home Stock Down 2.7 %

NYSE KBH opened at $59.61 on Monday. The stock’s 50 day moving average is $64.22 and its 200 day moving average is $73.07. 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 $58.80 and a 12 month high of $89.70. The stock has a market cap of $4.26 billion, a PE ratio of 7.04, a P/E/G ratio of 0.90 and a beta of 1.89.

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

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home 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 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 legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.89% 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.