KB Home (NYSE:KBH) Position Boosted by Castellan Group

Castellan Group grew its position in shares of KB Home (NYSE:KBH) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,155 shares of the construction company’s stock after buying an additional 2,570 shares during the quarter. KB Home makes up about 2.2% of Castellan Group’s investment portfolio, making the stock its 20th largest holding. Castellan Group owned approximately 0.11% of KB Home worth $5,136,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KBH. Financial Management Professionals Inc. acquired a new stake in shares of KB Home during the 3rd quarter valued at about $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the 3rd quarter valued at about $43,000. Versant Capital Management Inc lifted its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the 3rd quarter worth approximately $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home in the 3rd quarter worth approximately $61,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KBH has been the subject of several analyst reports. Keefe, Bruyette & Woods reduced their target price 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. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. 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 report on Wednesday, January 15th. Bank of America reduced their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Raymond James reiterated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.21.

KB Home Stock Performance

KBH opened at $63.90 on Thursday. The stock has a market cap of $4.61 billion, a PE ratio of 7.54, a P/E/G ratio of 0.96 and a beta of 1.86. 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 1 year low of $60.00 and a 1 year high of $89.70. The stock’s 50 day simple moving average is $68.13 and its 200-day simple moving average is $76.95.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for 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%. KB Home’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. Sell-side analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

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.