Livforsakringsbolaget Skandia Omsesidigt Boosts Position in KB Home (NYSE:KBH)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of KB Home (NYSE:KBH) by 143.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,200 shares of the construction company’s stock after acquiring an additional 19,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in KB Home were worth $2,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Barclays PLC raised its holdings 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 worth $16,816,000 after acquiring an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $77,655,000 after buying an additional 164,010 shares during the period. Neo Ivy Capital Management purchased a new stake in KB Home in the 3rd quarter valued at about $956,000. Cerity Partners LLC raised its holdings in KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after buying an additional 7,679 shares during the period. Finally, Citigroup Inc. raised its holdings in KB Home by 62.1% in the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock valued at $9,173,000 after buying an additional 40,992 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KBH. Raymond James restated an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Evercore ISI boosted their price target on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Barclays cut their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Bank of America cut their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.21.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.52% of the stock is currently owned by company insiders.

KB Home Price Performance

Shares of KBH opened at $66.28 on Friday. KB Home has a 12 month low of $59.47 and a 12 month high of $89.70. The company has a market cap of $4.78 billion, a P/E ratio of 7.83, a PEG ratio of 0.97 and a beta of 1.86. The stock has a fifty day moving average price of $69.60 and a 200 day moving average price of $77.46. 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 (NYSE:KBH) last released its quarterly 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. The company 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. On average, research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s dividend payout ratio is 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.