RBA Wealth Management LLC Boosts Stock Position in KB Home (NYSE:KBH)

RBA Wealth Management LLC boosted its position in KB Home (NYSE:KBH) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,683 shares of the construction company’s stock after acquiring an additional 1,244 shares during the quarter. RBA Wealth Management LLC owned 0.09% of KB Home worth $4,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KBH. EMC Capital Management boosted its position in KB Home by 17.0% during the 4th quarter. EMC Capital Management now owns 4,877 shares of the construction company’s stock valued at $321,000 after acquiring an additional 707 shares in the last quarter. Pacer Advisors Inc. raised its holdings in KB Home by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 13,350 shares of the construction company’s stock worth $877,000 after acquiring an additional 2,797 shares during the last quarter. KBC Group NV raised its stake in KB Home by 44.2% during the 4th quarter. KBC Group NV now owns 3,007 shares of the construction company’s stock valued at $198,000 after buying an additional 922 shares during the last quarter. Blue Trust Inc. raised its stake in KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after buying an additional 456 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in KB Home by 4.1% during the 4th quarter. Inspire Investing LLC now owns 32,122 shares of the construction company’s stock valued at $2,111,000 after buying an additional 1,268 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

Shares of KBH stock opened at $65.42 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a twelve month low of $58.15 and a twelve month high of $89.70. The company has a market cap of $4.72 billion, a P/E ratio of 7.72, a P/E/G ratio of 0.97 and a beta of 1.86. The business has a fifty day simple moving average of $70.62 and a 200 day simple moving average of $77.73.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.85 earnings per share. On average, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KBH. JPMorgan Chase & Co. decreased their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price target for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group cut their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given 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.

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.