Strategic Financial Concepts LLC Purchases Shares of 21,716 KB Home (NYSE:KBH)

Strategic Financial Concepts LLC purchased a new stake in KB Home (NYSE:KBH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,716 shares of the construction company’s stock, valued at approximately $1,427,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Choreo LLC acquired a new position in shares of KB Home during the fourth quarter worth approximately $216,000. RBA Wealth Management LLC raised its stake in shares of KB Home by 2.0% during the fourth quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company’s stock worth $4,119,000 after buying an additional 1,244 shares during the last quarter. EMC Capital Management increased its stake in KB Home by 17.0% in the fourth quarter. EMC Capital Management now owns 4,877 shares of the construction company’s stock valued at $321,000 after purchasing an additional 707 shares in the last quarter. Pacer Advisors Inc. increased its stake in KB Home by 26.5% in the fourth quarter. Pacer Advisors Inc. now owns 13,350 shares of the construction company’s stock valued at $877,000 after purchasing an additional 2,797 shares in the last quarter. Finally, KBC Group NV increased its stake in KB Home by 44.2% in the fourth quarter. KBC Group NV now owns 3,007 shares of the construction company’s stock valued at $198,000 after purchasing an additional 922 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of KBH stock opened at $63.98 on Tuesday. The firm has a market capitalization of $4.62 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.86. The firm has a fifty day simple moving average of $68.88 and a two-hundred day simple moving average of $77.21. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12 month low of $60.00 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last posted 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 net margin of 9.45% and a return on equity of 16.46%. 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 business posted $1.85 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. Analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid 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 1.56%. KB Home’s payout ratio is 11.81%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KBH shares. Evercore ISI increased their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Raymond James restated an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.21.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated 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 approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.44% of the company’s stock.

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.