Aptus Capital Advisors LLC Raises Holdings in KB Home (NYSE:KBH)

Aptus Capital Advisors LLC boosted its stake in shares of KB Home (NYSE:KBH - Free Report) by 21.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 134,178 shares of the construction company's stock after buying an additional 23,941 shares during the period. Aptus Capital Advisors LLC owned approximately 0.19% of KB Home worth $8,818,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in KB Home during the 4th quarter valued at $49,638,000. Hennessy Advisors Inc. purchased a new stake in shares of KB Home during the fourth quarter valued at $44,118,000. First Trust Advisors LP lifted its holdings in KB Home by 61.2% during the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock valued at $87,264,000 after buying an additional 503,895 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KB Home in the fourth quarter valued at approximately $12,288,000. Finally, Quantbot Technologies LP grew its stake in KB Home by 4,083.5% in the fourth quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock worth $9,623,000 after purchasing an additional 142,922 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Price Performance

Shares of NYSE KBH traded up $0.69 during trading on Wednesday, hitting $53.63. 1,309,370 shares of the company were exchanged, compared to its average volume of 1,325,321. The firm's fifty day moving average price is $56.74 and its 200 day moving average price is $66.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.90 and a beta of 1.45. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The company's quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 8th. KB Home's payout ratio is 12.20%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KBH. JPMorgan Chase & Co. dropped their target price on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Keefe, Bruyette & Woods cut their price objective on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, March 26th. UBS Group lowered their target price on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Raymond James reiterated an "outperform" rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Bank of America decreased their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, KB Home has an average rating of "Hold" and an average price target of $71.04.

KB Home 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.