MCF Advisors LLC Decreases Holdings in KB Home (KBH)
MCF Advisors LLC cut its stake in KB Home (NYSE:KBH) by 26.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,950 shares of the construction company’s stock after selling 3,246 shares during the quarter. MCF Advisors LLC’s holdings in KB Home were worth $286,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KBH. AllSquare Wealth Management LLC bought a new position in shares of KB Home in the 3rd quarter worth about $113,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of KB Home by 83.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,947 shares in the last quarter. Strs Ohio bought a new position in shares of KB Home in the 4th quarter worth about $162,000. Greenwood Capital Associates LLC bought a new position in shares of KB Home in the 3rd quarter worth about $207,000. Finally, Shelton Capital Management bought a new position in shares of KB Home in the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 98.15% of the company’s stock.
Shares of KB Home (KBH) opened at $30.54 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. The stock has a market cap of $2,715.03, a PE ratio of 17.04, a PEG ratio of 0.81 and a beta of 1.48. KB Home has a 1-year low of $15.88 and a 1-year high of $38.80.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Wednesday, February 7th. KB Home’s payout ratio is presently 5.46%.
Several brokerages recently issued reports on KBH. Credit Suisse Group reiterated a “neutral” rating and issued a $31.00 price target (up from $25.00) on shares of KB Home in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Wedbush lowered shares of KB Home from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 19th. UBS Group initiated coverage on shares of KB Home in a research report on Wednesday, October 25th. They set a “sell” rating and a $24.00 price objective on the stock. Finally, ValuEngine raised shares of KB Home from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. KB Home currently has an average rating of “Hold” and an average price target of $29.07.
In other news, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the sale, the chief financial officer now owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.60% of the company’s stock.
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KB Home Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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