21,819 Shares in KB Home (NYSE:KBH) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,819 shares of the construction company's stock, valued at approximately $1,434,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KBH. Atria Investments Inc increased its stake in shares of KB Home by 5.0% in the fourth quarter. Atria Investments Inc now owns 7,991 shares of the construction company's stock worth $525,000 after purchasing an additional 381 shares in the last quarter. Victory Capital Management Inc. grew its stake in KB Home by 40.8% in the 4th quarter. Victory Capital Management Inc. now owns 75,409 shares of the construction company's stock valued at $4,956,000 after buying an additional 21,852 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after acquiring an additional 214 shares during the period. US Bancorp DE lifted its position in shares of KB Home by 1.8% during the fourth quarter. US Bancorp DE now owns 12,691 shares of the construction company's stock worth $834,000 after acquiring an additional 227 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of KB Home by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock worth $149,928,000 after acquiring an additional 75,143 shares during the period. 96.09% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction dated 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 owns 34,473 shares of the company's stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group dropped their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. UBS Group reduced their price objective on shares of KB Home from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Barclays decreased their target price on shares of KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Raymond James reissued an "outperform" rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $75.21.

KB Home Stock Up 3.4 %

KB Home stock traded up $2.03 during trading hours on Monday, hitting $61.78. The stock had a trading volume of 2,420,188 shares, compared to its average volume of 1,219,318. The stock has a market capitalization of $4.41 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $64.22 and its 200-day moving average price is $73.07. KB Home has a 12-month low of $54.57 and a 12-month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.09). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. KB Home's dividend payout ratio is presently 11.81%.

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.