RBA Wealth Management LLC Acquires 1,244 Shares of KB Home (NYSE:KBH)

RBA Wealth Management LLC increased its stake in KB Home (NYSE:KBH) by 2.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,683 shares of the construction company’s stock after buying an additional 1,244 shares during the period. RBA Wealth Management LLC’s holdings in KB Home were worth $4,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in KB Home by 47.9% in the third 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. Holocene Advisors LP acquired a new stake in KB Home during the 3rd quarter worth approximately $89,899,000. Hennessy Advisors Inc. acquired a new stake in shares of KB Home in the 4th quarter valued at $44,118,000. Charles Schwab Investment Management Inc. grew its position in shares of KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after buying an additional 164,010 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of KB Home by 201.8% in the third quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock valued at $18,564,000 after acquiring an additional 144,854 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction, the chief financial officer now 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KBH shares. JPMorgan Chase & Co. cut 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 report on Wednesday, January 15th. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Wells Fargo & Company dropped their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 28th. Raymond James restated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, KB Home has an average rating of “Hold” and an average price target of $76.21.

KB Home Trading Down 2.5 %

Shares of KBH stock opened at $65.42 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The firm has a market capitalization of $4.72 billion, a PE ratio of 7.72, a P/E/G ratio of 0.97 and a beta of 1.86. KB Home has a 1-year low of $58.15 and a 1-year high of $89.70. The business’s fifty day moving average price is $70.62 and its 200 day moving average price is $77.73.

KB Home (NYSE:KBH) last released its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $1.85 EPS. As a group, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. KB Home’s dividend payout ratio is currently 11.81%.

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.