Livforsakringsbolaget Skandia Omsesidigt Has $2.12 Million Stock Holdings in KB Home (NYSE:KBH)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in KB Home (NYSE:KBH - Free Report) by 143.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,200 shares of the construction company's stock after purchasing an additional 19,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in KB Home were worth $2,116,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of KB Home by 3.1% during the second quarter. Cetera Investment Advisers now owns 23,097 shares of the construction company's stock worth $1,621,000 after buying an additional 698 shares during the last quarter. Sanctuary Advisors LLC bought a new position in KB Home during the second quarter worth $691,000. Handelsbanken Fonder AB raised its stake in KB Home by 54.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,074 shares of the construction company's stock valued at $1,892,000 after purchasing an additional 7,800 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in KB Home by 20.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 3,724 shares of the construction company's stock valued at $319,000 after purchasing an additional 636 shares during the period. Finally, CWM LLC grew its position in KB Home by 10.2% in the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company's stock worth $169,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction dated 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 owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.44% of the stock is currently owned by company insiders.

KB Home Price Performance

KBH stock traded up $0.14 during trading on Tuesday, hitting $64.22. 940,058 shares of the stock traded hands, compared to its average volume of 1,540,358. 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 stock has a market cap of $4.63 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 0.96 and a beta of 1.86. KB Home has a one year low of $60.00 and a one year high of $89.70. The company has a 50 day simple moving average of $68.50 and a 200 day simple moving average of $77.09.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.85 EPS. KB Home's revenue was up 19.5% compared to the same quarter last year. Equities analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. KB Home's dividend payout ratio (DPR) is presently 11.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KBH shares. Royal Bank of Canada raised shares of 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. Evercore ISI lifted their price objective on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Bank of America cut their target price on KB Home from $76.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. UBS Group decreased their price target on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.