Inspire Investing LLC Acquires 1,268 Shares of KB Home (NYSE:KBH)

Inspire Investing LLC lifted its holdings in shares of KB Home (NYSE:KBH) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,122 shares of the construction company’s stock after purchasing an additional 1,268 shares during the period. Inspire Investing LLC’s holdings in KB Home were worth $2,111,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KBH. Vanguard Personalized Indexing Management LLC boosted its holdings in KB Home by 4.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,128 shares of the construction company’s stock valued at $781,000 after acquiring an additional 446 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in KB Home by 236.8% in the second quarter. Hsbc Holdings PLC now owns 56,920 shares of the construction company’s stock valued at $4,010,000 after acquiring an additional 40,018 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in KB Home by 3.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after acquiring an additional 189 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in KB Home by 5.7% in the second quarter. Pacer Advisors Inc. now owns 14,705 shares of the construction company’s stock valued at $1,032,000 after acquiring an additional 794 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in KB Home by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of KB Home stock opened at $67.89 on Thursday. The business’s 50 day simple moving average is $72.05 and its 200 day simple moving average is $77.97. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The firm has a market cap of $4.98 billion, a PE ratio of 8.01, a P/E/G ratio of 0.90 and a beta of 1.86.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 EPS. As a group, equities research analysts predict that KB Home will post 8.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KBH. Raymond James reissued an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. UBS Group cut their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods cut 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.63.

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.