KB Home (NYSE:KBH) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in KB Home (NYSE:KBH) by 59.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,138 shares of the construction company’s stock after buying an additional 3,026 shares during the quarter. Cerity Partners LLC’s holdings in KB Home were worth $508,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after purchasing an additional 270 shares during the period. Whittier Trust Co. acquired a new stake in KB Home in the fourth quarter valued at approximately $62,000. CI Investments Inc. acquired a new stake in KB Home in the third quarter valued at approximately $145,000. NBC Securities Inc. acquired a new stake in KB Home in the third quarter valued at approximately $196,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of KB Home in the third quarter valued at approximately $218,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KB Home

In other news, EVP Brian J. Woram sold 83,272 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the completion of the transaction, the executive vice president now directly owns 156,119 shares of the company’s stock, valued at approximately $9,449,883.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Arthur Reginald Collins sold 5,500 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $60.12, for a total transaction of $330,660.00. Following the completion of the transaction, the director now directly owns 9,098 shares of the company’s stock, valued at approximately $546,971.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian J. Woram sold 83,272 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total value of $5,040,454.16. Following the transaction, the executive vice president now directly owns 156,119 shares of the company’s stock, valued at $9,449,883.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,629 shares of company stock valued at $11,271,218. 3.52% of the stock is currently owned by corporate insiders.

KB Home Stock Down 1.2 %

NYSE:KBH opened at $64.79 on Thursday. KB Home has a 52 week low of $40.97 and a 52 week high of $72.00. The company has a market capitalization of $4.92 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.71 and a beta of 1.73. The stock’s fifty day moving average is $66.08 and its two-hundred day moving average is $59.04.

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

KB Home Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KBH. Royal Bank of Canada raised their target price on KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a research report on Thursday, March 21st. StockNews.com downgraded KB Home from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Wells Fargo & Company raised their target price on KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Wedbush lifted their price objective on KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Evercore ISI reduced their price objective on KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company 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.