Kingsview Wealth Management LLC Grows Stock Position in KB Home (NYSE:KBH)

Kingsview Wealth Management LLC raised its position in shares of KB Home (NYSE:KBH - Free Report) by 103.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,631 shares of the construction company's stock after acquiring an additional 21,675 shares during the period. Kingsview Wealth Management LLC owned approximately 0.06% of KB Home worth $2,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vest Financial LLC raised its holdings in KB Home by 117.4% during the 4th quarter. Vest Financial LLC now owns 36,899 shares of the construction company's stock valued at $2,425,000 after buying an additional 19,927 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in KB Home by 143.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,200 shares of the construction company's stock valued at $2,116,000 after buying an additional 19,000 shares during the period. Strategic Financial Concepts LLC purchased a new stake in KB Home during the 4th quarter valued at $1,427,000. Choreo LLC purchased a new stake in KB Home during the 4th quarter valued at $216,000. Finally, RBA Wealth Management LLC raised its holdings in KB Home by 2.0% during the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock valued at $4,119,000 after buying an additional 1,244 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Up 0.3 %

Shares of KBH traded up $0.20 during midday trading on Thursday, reaching $64.14. 1,048,955 shares of the stock were exchanged, compared to its average volume of 1,543,850. KB Home has a 52 week low of $60.26 and a 52 week high of $89.70. 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's 50 day moving average is $67.81 and its two-hundred day moving average is $76.86. The company has a market capitalization of $4.63 billion, a P/E ratio of 7.57, a PEG ratio of 0.96 and a beta of 1.86.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company earned $1.85 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

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

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated 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 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 filing with the SEC, which can be accessed through the SEC website. 4.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KBH. Seaport Res Ptn upgraded KB Home from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on KB Home from $70.00 to $65.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada raised KB Home from an "underperform" rating to a "sector perform" rating and cut their price objective for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their price objective on KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $76.21.

KB Home 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.