KB Home (NYSE:KBH) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its holdings in KB Home (NYSE:KBH) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,496 shares of the construction company’s stock after selling 29,149 shares during the period. Empowered Funds LLC owned about 0.26% of KB Home worth $12,322,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after acquiring an additional 161 shares during the period. CWM LLC grew its position in KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after purchasing an additional 183 shares in the last quarter. Jupiter Wealth Management LLC grew its position in KB Home by 1.2% during the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after purchasing an additional 225 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of KB Home by 23.4% during the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after buying an additional 241 shares during the period. Finally, Pathstone Holdings LLC boosted its stake in shares of KB Home by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock valued at $1,759,000 after buying an additional 263 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Trading Down 4.5 %

Shares of NYSE KBH opened at $63.46 on Friday. The company’s fifty day moving average is $68.88 and its 200-day moving average is $77.26. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.96 and a beta of 1.86. KB Home has a twelve month low of $59.75 and a twelve month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Equities research analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.58%. KB Home’s payout ratio is 11.81%.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KBH has been the subject of several analyst reports. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the company from $70.00 to $67.00 in a research note on Friday, January 10th. UBS Group dropped their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Raymond James restated an “outperform” rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.21.

KB Home Company Profile

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.