Signature Wealth Management Group Has $1.93 Million Stock Holdings in KB Home (NYSE:KBH)

Signature Wealth Management Group decreased its stake in KB Home (NYSE:KBH) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,420 shares of the construction company’s stock after selling 495 shares during the period. Signature Wealth Management Group’s holdings in KB Home were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KBH. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in KB Home during the fourth quarter worth approximately $979,000. Sequoia Financial Advisors LLC grew its stake in KB Home by 37.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,056 shares of the construction company’s stock worth $661,000 after purchasing an additional 2,737 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in KB Home by 8.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,136 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 1,983 shares during the period. Ruffer LLP acquired a new stake in KB Home during the fourth quarter worth approximately $2,804,000. Finally, Amundi grew its stake in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company cut their price target on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Barclays cut their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $75.21.

KB Home Stock Performance

Shares of KB Home stock opened at $60.59 on Friday. The business’s fifty day simple moving average is $64.62 and its 200 day simple moving average is $73.90. The firm has a market capitalization of $4.37 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 12 month low of $59.00 and a 12 month high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

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

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. KB Home’s payout ratio is presently 11.81%.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value 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. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.52% of the company’s stock.

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.