Strategic Financial Concepts LLC Acquires New Stake in KB Home (NYSE:KBH)

Strategic Financial Concepts LLC bought a new position in shares of KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,716 shares of the construction company's stock, valued at approximately $1,427,000.

Several other hedge funds also recently bought and sold shares of KBH. CWM LLC lifted 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 worth $169,000 after purchasing an additional 183 shares in the last quarter. Creative Planning lifted its position in shares of KB Home by 36.8% during the third quarter. Creative Planning now owns 32,372 shares of the construction company's stock worth $2,774,000 after purchasing an additional 8,710 shares in the last quarter. Blue Trust Inc. lifted 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 worth $109,000 after purchasing an additional 241 shares in the last quarter. Vest Financial LLC lifted its position in shares of KB Home by 7.4% during the third quarter. Vest Financial LLC now owns 16,972 shares of the construction company's stock worth $1,454,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of KB Home during the third quarter worth about $217,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Down 2.4 %

KBH stock traded down $1.54 during midday trading on Friday, reaching $61.30. 824,319 shares of the company were exchanged, compared to its average volume of 1,475,211. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a 1-year low of $60.26 and a 1-year high of $89.70. The stock's 50-day simple moving average is $66.23 and its 200 day simple moving average is $76.06. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.86.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. On average, equities analysts forecast 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 was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued 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 1.63%. KB Home's payout ratio is currently 11.81%.

Analyst Upgrades and Downgrades

KBH has been the topic of several research reports. Royal Bank of Canada raised shares of KB Home from an "underperform" rating to a "sector perform" rating and reduced their price target for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Bank of America reduced their price target on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Seaport Res Ptn raised shares of KB Home from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price 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 reaffirmed an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $76.21.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.44% of the stock is owned by corporate insiders.

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.