Vest Financial LLC Has $1.27 Million Stock Position in KB Home $KBH

Vest Financial LLC reduced its stake in KB Home (NYSE:KBH) by 31.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,981 shares of the construction company’s stock after selling 9,024 shares during the quarter. Vest Financial LLC’s holdings in KB Home were worth $1,272,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KBH. SG Americas Securities LLC grew its position in shares of KB Home by 204.8% during the 3rd quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock worth $4,396,000 after purchasing an additional 46,415 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in KB Home during the third quarter worth approximately $59,301,000. Aristides Capital LLC bought a new position in KB Home during the 2nd quarter worth $240,000. Verity Asset Management Inc. acquired a new position in KB Home in the 2nd quarter valued at $245,000. Finally, Geode Capital Management LLC raised its holdings in KB Home by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock valued at $94,530,000 after acquiring an additional 123,030 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KBH. Barclays reduced their target price on KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. UBS Group decreased their target price on shares of KB Home from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. JPMorgan Chase & Co. cut their price target on shares of KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, December 29th. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 23rd. Finally, Bank of America decreased their price objective on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.73.

KB Home Trading Down 2.2%

Shares of NYSE KBH opened at $59.02 on Friday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 7.96 and a beta of 1.43. KB Home has a 12 month low of $48.90 and a 12 month high of $70.47. The stock has a 50-day moving average price of $60.75 and a two-hundred day moving average price of $61.05.

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

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. KB Home’s dividend payout ratio (DPR) is 20.37%.

Insiders Place Their Bets

In related news, EVP Albert Z. Praw sold 20,284 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the sale, the executive vice president owned 104,062 shares in the company, valued at $6,252,044.96. The trade was a 16.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.89% of the stock is owned by corporate insiders.

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.