Signature Wealth Management Group Sells 495 Shares of KB Home (NYSE:KBH)

Signature Wealth Management Group trimmed its stake in shares of KB Home (NYSE:KBH) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,420 shares of the construction company’s stock after selling 495 shares during the quarter. Signature Wealth Management Group’s holdings in KB Home were worth $1,933,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after purchasing an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 worth $77,655,000 after acquiring an additional 164,010 shares during the last quarter. Neo Ivy Capital Management bought a new position in KB Home in the 3rd quarter worth about $956,000. Blue Trust Inc. increased its stake in KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after acquiring an additional 456 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after acquiring an additional 7,679 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.52% of the company’s stock.

KB Home Trading Up 1.2 %

NYSE KBH opened at $60.59 on Friday. KB Home has a fifty-two week low of $59.00 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The stock has a 50 day simple moving average of $64.62 and a two-hundred day simple moving average of $73.90. The stock has a market cap of $4.37 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is currently 11.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KBH. Evercore ISI upped their target price on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods cut their price objective on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Finally, Barclays cut their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Two equities research 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, KB Home currently has a consensus rating of “Hold” and an average target price of $75.21.

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.