Aptus Capital Advisors LLC Has $8.83 Million Holdings in KB Home $KBH

Key Points

• Aptus Capital Advisors LLC increased its position in KB Home shares by 13.3%, owning 151,975 shares worth approximately $8.83 million as of the end of the recent quarter.
• In its latest earnings report, KB Home exceeded analysts' expectations with $1.50 EPS, although revenue declined 10.5% year-over-year.
• The company announced a dividend of $0.25 per share, equating to an annualized dividend yield of 1.6%, with the payout ratio currently at 13.25%.

Aptus Capital Advisors LLC increased its position in shares of KB Home (NYSE:KBH - Free Report) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,975 shares of the construction company's stock after purchasing an additional 17,797 shares during the quarter. Aptus Capital Advisors LLC owned 0.21% of KB Home worth $8,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group raised its stake in KB Home by 1,778.9% during the first quarter. Brooklyn Investment Group now owns 2,405 shares of the construction company's stock worth $140,000 after acquiring an additional 2,277 shares in the last quarter. Neuberger Berman Group LLC raised its stake in KB Home by 37.3% during the first quarter. Neuberger Berman Group LLC now owns 4,360 shares of the construction company's stock worth $253,000 after acquiring an additional 1,185 shares in the last quarter. AIA Group Ltd acquired a new position in KB Home during the first quarter worth about $258,000. Virtu Financial LLC raised its stake in KB Home by 90.0% during the first quarter. Virtu Financial LLC now owns 18,043 shares of the construction company's stock worth $1,049,000 after acquiring an additional 8,546 shares in the last quarter. Finally, Entropy Technologies LP raised its stake in KB Home by 105.1% during the first quarter. Entropy Technologies LP now owns 19,284 shares of the construction company's stock worth $1,121,000 after acquiring an additional 9,884 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

Analyst Ratings Changes

KBH has been the subject of several research analyst reports. UBS Group lowered their target price on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Evercore ISI lowered their target price on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research note on Tuesday, June 24th. Wells Fargo & Company reissued an "underweight" rating and set a $52.00 target price (down previously from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. Bank of America lowered their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Finally, Wall Street Zen raised KB Home from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $66.14.

KB Home Trading Up 7.0%

Shares of KB Home stock traded up $4.2260 on Friday, hitting $64.8060. The stock had a trading volume of 2,083,068 shares, compared to its average volume of 1,369,900. The stock has a 50 day moving average of $56.45 and a 200 day moving average of $56.73. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70. 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 firm has a market capitalization of $4.41 billion, a P/E ratio of 8.58, a PEG ratio of 4.87 and a beta of 1.34.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%.The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The firm's revenue was down 10.5% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. KB Home's dividend payout ratio is currently 13.25%.

Insiders Place Their Bets

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the completion of the sale, the chief operating officer owned 78,345 shares of the company's stock, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.89% of the company's stock.

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.