KB Home $KBH Holdings Lifted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its holdings in shares of KB Home (NYSE:KBH) by 13.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,975 shares of the construction company’s stock after buying an additional 17,797 shares during the quarter. Aptus Capital Advisors LLC’s holdings in KB Home were worth $8,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group grew its holdings in shares of KB Home by 1,778.9% during the first quarter. Brooklyn Investment Group now owns 2,405 shares of the construction company’s stock valued at $140,000 after buying an additional 2,277 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of KB Home by 37.3% during the first quarter. Neuberger Berman Group LLC now owns 4,360 shares of the construction company’s stock valued at $253,000 after buying an additional 1,185 shares in the last quarter. AIA Group Ltd purchased a new position in shares of KB Home during the first quarter valued at $258,000. Virtu Financial LLC grew its holdings in shares of KB Home by 90.0% during the first quarter. Virtu Financial LLC now owns 18,043 shares of the construction company’s stock valued at $1,049,000 after buying an additional 8,546 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of KB Home by 105.1% during the first quarter. Entropy Technologies LP now owns 19,284 shares of the construction company’s stock valued at $1,121,000 after buying an additional 9,884 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of KB Home stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer directly owned 78,345 shares in the company, valued at approximately $4,193,024.40. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.89% of the company’s stock.

KB Home Trading Down 1.1%

KB Home stock opened at $62.18 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. The business’s 50-day simple moving average is $55.74 and its 200-day simple moving average is $56.70. The firm has a market capitalization of $4.23 billion, a PE ratio of 8.24, a PEG ratio of 5.05 and a beta of 1.34. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. Equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. KB Home’s payout ratio is presently 13.25%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KBH shares. Wells Fargo & Company reissued an “underweight” rating and set a $52.00 price objective (down previously from $53.00) on shares of KB Home in a research report on Tuesday, June 24th. Barclays set a $49.00 price objective on KB Home and gave the company an “equal weight” rating in a research report on Tuesday, June 24th. UBS Group reduced their price objective on KB Home from $86.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Evercore ISI reduced their price objective on KB Home from $77.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, June 24th. Finally, Bank of America reduced their price objective on KB Home from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.14.

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.