KB Home (NYSE:KBH) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of KB Home (NYSE:KBH - Free Report) by 40.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,409 shares of the construction company's stock after purchasing an additional 21,852 shares during the quarter. Victory Capital Management Inc. owned 0.10% of KB Home worth $4,956,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the last quarter. State Street Corp lifted its stake in KB Home by 1.3% in the third quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock valued at $303,285,000 after buying an additional 45,311 shares during the last quarter. Fisher Asset Management LLC lifted its stake in 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 valued at $149,928,000 after buying an additional 75,143 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of KB Home by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock valued at $166,125,000 after acquiring an additional 16,593 shares during the period. Finally, Holocene Advisors LP bought a new position in shares of KB Home during the third quarter worth about $89,899,000. Institutional investors and hedge funds own 96.09% of the company's stock.

Remove Ads

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.44% of the company's stock.

KB Home Price Performance

KB Home stock traded up $1.30 during midday trading on Wednesday, hitting $61.57. The company's stock had a trading volume of 829,750 shares, compared to its average volume of 1,371,608. KB Home has a 12 month low of $59.00 and a 12 month high of $89.70. 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 company has a market capitalization of $4.40 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The stock's 50-day moving average price is $64.44 and its 200-day moving average price is $73.51.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 EPS. Analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KBH shares. Wells Fargo & Company reduced their target price on shares of KB Home from $65.00 to $63.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Royal Bank of Canada upgraded KB Home from an "underperform" rating to a "sector perform" rating and lowered their target price for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Bank of America reduced their price target on 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, Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $75.21.

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.