Strategic Financial Concepts LLC Acquires Shares of 21,716 KB Home (NYSE:KBH)

Strategic Financial Concepts LLC acquired a new stake in KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,716 shares of the construction company's stock, valued at approximately $1,427,000.

Several other large investors also recently added to or reduced their stakes in KBH. Wealth Enhancement Advisory Services LLC lifted its position in shares of 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 purchasing an additional 161 shares during the period. CWM LLC lifted its position in shares of 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 period. Jupiter Wealth Management LLC lifted its position in shares of KB Home by 1.2% in the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company's stock worth $1,619,000 after purchasing an additional 225 shares during the period. Blue Trust Inc. lifted its position in shares of KB Home by 23.4% in the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company's stock worth $109,000 after purchasing an additional 241 shares during the period. Finally, Pathstone Holdings LLC lifted its position in shares of KB Home by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company's stock worth $1,759,000 after purchasing an additional 263 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KBH shares. Wells Fargo & Company lowered their price target on shares of KB Home from $70.00 to $65.00 and set an "underweight" rating for the company in a research report on Tuesday, January 28th. UBS Group decreased their target price on shares of KB Home from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada raised shares of KB Home from an "underperform" rating to a "sector perform" rating and decreased their target price for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Bank of America decreased their target price on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $76.21.

KB Home Stock Performance

KB Home stock traded up $0.79 during mid-day trading on Friday, reaching $64.96. 1,034,588 shares of the company traded hands, compared to its average volume of 1,526,876. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a fifty-two week low of $60.26 and a fifty-two week high of $89.70. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.86. The firm's fifty day moving average is $67.52 and its two-hundred day moving average is $76.77.

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. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed 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 is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. KB Home's payout ratio is currently 11.81%.

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.