Aberdeen Group plc Acquires Shares of 108,145 KB Home $KBH

Aberdeen Group plc acquired a new position in KB Home (NYSE:KBH) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 108,145 shares of the construction company’s stock, valued at approximately $6,936,000. Aberdeen Group plc owned approximately 0.17% of KB Home at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1776 Wealth LLC raised its position in shares of KB Home by 2.5% in the 3rd quarter. 1776 Wealth LLC now owns 40,697 shares of the construction company’s stock worth $2,590,000 after purchasing an additional 1,007 shares during the last quarter. Caprock Group LLC purchased a new stake in KB Home in the 3rd quarter worth approximately $339,000. SBI Securities Co. Ltd. increased its stake in KB Home by 2,848.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after buying an additional 883 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in KB Home by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock worth $337,000 after purchasing an additional 274 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of KB Home by 177.6% in the third quarter. Hantz Financial Services Inc. now owns 5,514 shares of the construction company’s stock worth $351,000 after buying an additional 3,528 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

KB Home stock opened at $65.22 on Friday. KB Home has a 12-month low of $48.90 and a 12-month high of $68.71. The company has a current ratio of 5.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.12 billion, a P/E ratio of 13.28, a PEG ratio of 8.46 and a beta of 1.49. The company has a 50-day moving average price of $60.39 and a 200 day moving average price of $61.86.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.79 by $0.13. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The company’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.52 EPS. Sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. KB Home’s dividend payout ratio (DPR) is presently 20.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. Royal Bank Of Canada decreased their price objective on KB Home from $59.00 to $54.00 and set a “sector perform” rating for the company in a research note on Friday, December 19th. The Goldman Sachs Group restated a “neutral” rating and set a $66.00 target price on shares of KB Home in a research note on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, December 29th. Finally, Bank of America reduced their target price on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.73.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.