Castellan Group Acquires 2,570 Shares of KB Home (NYSE:KBH)

Castellan Group lifted its holdings in shares of KB Home (NYSE:KBH) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,155 shares of the construction company’s stock after purchasing an additional 2,570 shares during the period. KB Home accounts for about 2.2% of Castellan Group’s portfolio, making the stock its 20th largest position. Castellan Group’s holdings in KB Home were worth $5,136,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KBH. CWM LLC grew its holdings in shares of KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after purchasing an additional 183 shares during the last quarter. Creative Planning lifted its stake in shares of KB Home by 36.8% during the third quarter. Creative Planning now owns 32,372 shares of the construction company’s stock valued at $2,774,000 after acquiring an additional 8,710 shares during the period. nVerses Capital LLC acquired a new position in shares of KB Home during the third quarter valued at $420,000. Blue Trust Inc. lifted its stake in shares of KB Home by 23.4% during the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after acquiring an additional 241 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of KB Home by 7.4% during the third quarter. Vest Financial LLC now owns 16,972 shares of the construction company’s stock valued at $1,454,000 after acquiring an additional 1,168 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 0.5 %

Shares of KB Home stock opened at $63.90 on Thursday. KB Home has a 1 year low of $60.00 and a 1 year high of $89.70. The business has a 50-day moving average of $68.13 and a two-hundred day moving average of $76.95. The company has a market capitalization of $4.61 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

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

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Wall Street Analyst Weigh In

KBH has been the topic of several research reports. Bank of America cut their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Evercore ISI upped their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Wells Fargo & Company cut their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 28th. UBS Group cut their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays cut their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.21.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.44% 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.