Caprock Group LLC Invests $273,000 in KB Home (NYSE:KBH)

Caprock Group LLC bought a new position in shares of KB Home (NYSE:KBHFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,366 shares of the construction company’s stock, valued at approximately $273,000.

Several other large investors also recently modified their holdings of KBH. Citigroup Inc. grew its holdings in shares of KB Home by 20.9% during the 1st quarter. Citigroup Inc. now owns 109,019 shares of the construction company’s stock worth $3,530,000 after purchasing an additional 18,818 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after purchasing an additional 568 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of KB Home by 39.7% during the 1st quarter. MetLife Investment Management LLC now owns 96,105 shares of the construction company’s stock worth $3,112,000 after purchasing an additional 27,327 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of KB Home by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,411 shares of the construction company’s stock worth $1,017,000 after purchasing an additional 2,995 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of KB Home by 7.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 47,231 shares of the construction company’s stock worth $1,571,000 after purchasing an additional 3,140 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,500 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the completion of the sale, the director now owns 9,098 shares of the company’s stock, valued at $546,971.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Jeff Kaminski sold 4,928 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $59.86, for a total transaction of $294,990.08. Following the completion of the sale, the chief financial officer now owns 38,386 shares of the company’s stock, valued at $2,297,785.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur Reginald Collins sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the sale, the director now directly owns 9,098 shares of the company’s stock, valued at approximately $546,971.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 373,635 shares of company stock valued at $22,400,005. Company insiders own 3.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KBH shares. JPMorgan Chase & Co. increased their target price on KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Evercore ISI dropped their price objective on KB Home from $82.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Keefe, Bruyette & Woods upped their price objective on KB Home from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, March 28th. StockNews.com upgraded KB Home from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their price objective on KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus target price of $66.11.

Check Out Our Latest Analysis on KB Home

KB Home Trading Down 1.5 %

KB Home stock opened at $69.84 on Tuesday. The company has a market capitalization of $5.28 billion, a PE ratio of 9.50, a P/E/G ratio of 0.82 and a beta of 1.73. KB Home has a 12 month low of $38.26 and a 12 month high of $72.00. The stock has a 50-day moving average price of $64.63 and a two-hundred day moving average price of $56.94.

KB Home (NYSE:KBHGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion during 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. As a group, analysts predict that KB Home will post 7.82 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. KB Home’s payout ratio is 10.88%.

KB Home Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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