KB Home (NYSE:KBH) Shares Bought by Vest Financial LLC

Vest Financial LLC increased its stake in KB Home (NYSE:KBH - Free Report) by 117.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,899 shares of the construction company's stock after buying an additional 19,927 shares during the period. Vest Financial LLC owned 0.05% of KB Home worth $2,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KBH. Wealth Enhancement Advisory Services LLC increased 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 worth $1,842,000 after buying an additional 161 shares in the last quarter. CWM LLC grew its position in shares of KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company's stock valued at $169,000 after purchasing an additional 183 shares in the last quarter. Jupiter Wealth Management LLC grew its position in shares of KB Home by 1.2% during the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company's stock valued at $1,619,000 after purchasing an additional 225 shares in the last quarter. Blue Trust Inc. grew its position in shares of KB Home by 23.4% during the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company's stock valued at $109,000 after purchasing an additional 241 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of KB Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company's stock valued at $1,759,000 after purchasing an additional 263 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction 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. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.44% of the company's stock.

KB Home Trading Down 0.5 %

Shares of KB Home stock traded down $0.32 on Wednesday, hitting $63.90. 2,133,157 shares of the company traded hands, compared to its average volume of 1,561,527. The stock's 50 day moving average price is $68.13 and its 200-day moving average price is $76.95. 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 52 week low of $60.00 and a 52 week high of $89.70. The company has a market cap of $4.61 billion, a PE ratio of 7.54, a PEG ratio of 0.96 and a beta of 1.86.

KB Home (NYSE:KBH - Get Free Report) 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. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Equities research analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, February 6th. KB Home's payout ratio is 11.81%.

Analysts Set New Price Targets

KBH has been the subject of a number of analyst reports. Barclays lowered 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 report on Tuesday, January 14th. Royal Bank of Canada raised shares of KB Home from an "underperform" rating to a "sector perform" rating and lowered their price target for the company from $70.00 to $67.00 in a report on Friday, January 10th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Wells Fargo & Company decreased 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. 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 investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $76.21.

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.