Homestead Advisers Corp Acquires 3,100 Shares of KB Home (NYSE:KBH)

Homestead Advisers Corp grew its stake in shares of KB Home (NYSE:KBH) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,300 shares of the construction company’s stock after purchasing an additional 3,100 shares during the quarter. Homestead Advisers Corp’s holdings in KB Home were worth $1,991,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KBH. Quest Partners LLC grew its stake in KB Home by 101,600.0% in the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock worth $87,000 after acquiring an additional 1,016 shares in the last quarter. Pathstone Holdings LLC grew its stake in KB Home by 1.3% in the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock worth $1,759,000 after purchasing an additional 263 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in KB Home by 22.1% during 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 purchasing an additional 164,010 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of KB Home by 62.1% in the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after buying an additional 40,992 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after buying an additional 7,679 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBH shares. Wells Fargo & Company cut their price target on KB Home from $63.00 to $57.00 and set an “underweight” rating on the stock in a research note on Tuesday. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. The Goldman Sachs Group cut their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wedbush restated a “neutral” rating and set a $75.00 target price on shares of KB Home in a report on Tuesday. Finally, Barclays cut their price target on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.21.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $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 accessible through this link. 3.89% of the stock is currently owned by corporate insiders.

KB Home Stock Performance

Shares of KBH opened at $59.14 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The stock has a 50-day moving average of $63.81 and a two-hundred day moving average of $72.71. The stock has a market cap of $4.23 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a one year low of $56.41 and a one year high of $89.70.

KB Home (NYSE:KBH) last released its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned $1.76 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, research analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. KB Home’s dividend payout ratio (DPR) is presently 12.20%.

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.