Inspire Investing LLC Buys 1,268 Shares of KB Home (NYSE:KBH)

Inspire Investing LLC raised its stake in KB Home (NYSE:KBH) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 32,122 shares of the construction company’s stock after acquiring an additional 1,268 shares during the quarter. Inspire Investing LLC’s holdings in KB Home were worth $2,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its stake in KB Home by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,791 shares of the construction company’s stock valued at $1,432,000 after purchasing an additional 859 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of KB Home by 109.3% during the 4th quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company’s stock worth $604,000 after acquiring an additional 4,801 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of KB Home by 15.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 699,668 shares of the construction company’s stock worth $45,982,000 after acquiring an additional 93,277 shares during the period. Hennessy Advisors Inc. bought a new position in shares of KB Home during the 4th quarter worth approximately $44,118,000. Finally, Mirador Capital Partners LP bought a new position in shares of KB Home during the 4th quarter worth approximately $239,000. 96.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KBH has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. UBS Group reduced their target price 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. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Evercore ISI lifted their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $76.63.

KB Home Price Performance

Shares of NYSE KBH opened at $67.89 on Thursday. The stock has a market capitalization of $4.98 billion, a PE ratio of 8.01, a P/E/G ratio of 0.90 and a beta of 1.86. The business has a fifty day moving average price of $72.05 and a two-hundred day moving average price of $77.97. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $1.85 EPS. On average, equities analysts expect that KB Home will post 8.67 EPS for the current year.

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.