New Age Alpha Advisors LLC Invests $350,000 in KB Home (NYSE:KBH)

New Age Alpha Advisors LLC acquired a new position in KB Home (NYSE:KBH) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,333 shares of the construction company’s stock, valued at approximately $350,000.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after purchasing an additional 38,638 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in KB Home in the 3rd quarter valued at approximately $956,000. Blue Trust Inc. grew its holdings in KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after buying an additional 456 shares during the last quarter. RBA Wealth Management LLC increased its position in KB Home by 2.0% during the fourth quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company’s stock worth $4,119,000 after buying an additional 1,244 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of KB Home in the fourth quarter worth $44,118,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KBH shares. Wells Fargo & Company decreased their price objective on KB Home from $63.00 to $57.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th. StockNews.com downgraded shares of KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Barclays reduced their price objective on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.21.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.89% of the company’s stock.

KB Home Price Performance

Shares of KB Home stock opened at $58.32 on Wednesday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 6.89, a PEG ratio of 0.90 and a beta of 1.89. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $63.06 and its 200 day moving average price is $71.99. KB Home has a twelve month low of $56.41 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, research 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 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is currently 12.20%.

About KB Home

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.