Sequoia Financial Advisors LLC Grows Stock Position in KB Home (NYSE:KBH)

Sequoia Financial Advisors LLC raised its holdings in KB Home (NYSE:KBH) by 37.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,056 shares of the construction company’s stock after buying an additional 2,737 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KB Home were worth $661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KBH. Barclays PLC grew its holdings in KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after purchasing an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of KB Home by 22.1% in 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 during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of KB Home during the 3rd quarter valued at $956,000. Blue Trust Inc. increased its holdings in shares of KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after buying an additional 456 shares during the last quarter. Finally, Cerity Partners LLC raised its position 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. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KBH. Keefe, Bruyette & Woods decreased 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. Wells Fargo & Company cut their price objective on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Bank of America dropped their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, The Goldman Sachs Group dropped their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.21.

KB Home Price Performance

Shares of KBH opened at $60.54 on Tuesday. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.90 and a beta of 1.89. The stock has a 50 day moving average of $64.53 and a 200-day moving average of $73.68.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 earnings per share. As a group, analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the 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. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.44% of the stock is owned by company insiders.

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.