Aptus Capital Advisors LLC Buys 25,276 Shares of KB Home $KBH

Key Points

• Aptus Capital Advisors LLC increased its stake in KB Home (NYSE:KBH) by 15.2%, adding 25,276 shares to reach 191,953 shares valued at about $12.22 million (roughly 0.30% of the company).
• Institutional ownership is very high at 96.09%, with several funds significantly boosting or initiating positions—SG Americas +204.8%, Strs Ohio +1,788.1%, and Deprince Race & Zollo adding a roughly $59.3 million stake—showing strong institutional activity around KBH.
• Analysts have a consensus Hold rating with an average price target of $62.92; KBH recently beat EPS estimates while revenue fell 15.5% year-over-year, and the company pays a $0.25 quarterly dividend (about a 1.7% yield).

Aptus Capital Advisors LLC grew its position in KB Home (NYSE:KBH - Free Report) by 15.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 191,953 shares of the construction company's stock after acquiring an additional 25,276 shares during the period. Aptus Capital Advisors LLC owned 0.30% of KB Home worth $12,216,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its position in KB Home by 204.8% in the 3rd quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company's stock valued at $4,396,000 after acquiring an additional 46,415 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of KB Home during the third quarter worth $1,551,000. Deprince Race & Zollo Inc. bought a new stake in shares of KB Home in the third quarter worth $59,301,000. Strs Ohio increased its holdings in KB Home by 1,788.1% in the third quarter. Strs Ohio now owns 79,300 shares of the construction company's stock valued at $5,047,000 after purchasing an additional 75,100 shares during the period. Finally, Creative Planning increased its holdings in KB Home by 75.1% in the second quarter. Creative Planning now owns 46,524 shares of the construction company's stock valued at $2,464,000 after purchasing an additional 19,956 shares during the period. Institutional investors own 96.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on KBH shares. UBS Group cut their target price on KB Home from $77.00 to $71.00 and set a "buy" rating on the stock in a report on Tuesday, January 6th. Keefe, Bruyette & Woods lowered their price objective on KB Home from $67.00 to $62.00 and set a "market perform" rating for the company in a research report on Tuesday, December 23rd. Bank of America cut their price objective on KB Home from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Monday, December 22nd. Zacks Research cut KB Home from a "hold" rating to a "strong sell" rating in a report on Tuesday, December 23rd. Finally, Truist Financial initiated coverage on shares of KB Home in a research report on Tuesday. They set a "hold" rating and a $65.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average price target of $62.92.

KB Home Price Performance

Shares of KBH opened at $57.84 on Friday. The business's fifty day moving average is $60.77 and its 200 day moving average is $61.92. KB Home has a 12-month low of $48.90 and a 12-month high of $68.71. The company has a quick ratio of 0.53, a current ratio of 5.77 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.65 billion, a P/E ratio of 11.78, a P/E/G ratio of 7.69 and a beta of 1.47.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.13. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $2.52 EPS. KB Home's quarterly revenue was down 15.5% on a year-over-year basis. Sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, February 5th. KB Home's dividend payout ratio is currently 20.37%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation's largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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