Beck Bode LLC Acquires 228 Shares of KB Home (NYSE:KBH)

Beck Bode LLC lifted its holdings in KB Home (NYSE:KBH) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 57,114 shares of the construction company’s stock after buying an additional 228 shares during the period. Beck Bode LLC’s holdings in KB Home were worth $3,567,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KBH. GAMMA Investing LLC purchased a new position in shares of KB Home in the fourth quarter worth $47,000. Daiwa Securities Group Inc. bought a new position in KB Home in the 4th quarter worth about $56,000. Fifth Third Bancorp lifted its stake in KB Home by 40.9% during the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares during the period. Whittier Trust Co. bought a new position in KB Home during the 4th quarter valued at about $62,000. Finally, Harvest Fund Management Co. Ltd bought a new position in KB Home during the 4th quarter valued at about $130,000. 96.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.52% of the company’s stock.

KB Home Price Performance

NYSE KBH traded down $1.36 during midday trading on Tuesday, hitting $64.76. 930,356 shares of the company traded hands, compared to its average volume of 1,147,348. The company has a market cap of $4.91 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.74 and a beta of 1.73. The company’s 50-day simple moving average is $66.34 and its 200-day simple moving average is $59.73. KB Home has a 52 week low of $42.11 and a 52 week high of $72.00.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.19. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 EPS. On average, research analysts predict that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, May 8th. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio (DPR) is 10.88%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KBH shares. Royal Bank of Canada increased their price objective on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 21st. Barclays upped their price objective on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Wedbush upped their price objective on KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Raymond James upped their target price on KB Home from $61.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, Keefe, Bruyette & Woods upped their target price on KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average price target of $66.11.

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.