Inspire Investing LLC Acquires 11,374 Shares of KB Home $KBH

Key Points

• Inspire Investing LLC increased its stake in KB Home by 35.4% in the first quarter, now owning approximately $2.53 million worth of shares.
• Insider trading activities included COO Robert V. Mcgibney selling 14,000 shares at approximately $53.52 per share, reducing his holding by 15.16%.
• KB Home reported earnings of $1.50 per share for the last quarter, exceeding expectations and reflecting a 10.5% year-over-year revenue decline to $1.53 billion.

Inspire Investing LLC boosted its stake in shares of KB Home (NYSE:KBH - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,496 shares of the construction company's stock after purchasing an additional 11,374 shares during the quarter. Inspire Investing LLC owned 0.06% of KB Home worth $2,528,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KBH. Cetera Investment Advisers raised its stake in KB Home by 2.8% during the 4th quarter. Cetera Investment Advisers now owns 23,556 shares of the construction company's stock valued at $1,548,000 after purchasing an additional 632 shares during the last quarter. Deutsche Bank AG raised its stake in KB Home by 17.9% during the 4th quarter. Deutsche Bank AG now owns 129,770 shares of the construction company's stock valued at $8,528,000 after purchasing an additional 19,668 shares during the last quarter. Janus Henderson Group PLC raised its stake in KB Home by 174.9% during the 4th quarter. Janus Henderson Group PLC now owns 191,988 shares of the construction company's stock valued at $12,620,000 after purchasing an additional 122,145 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 206 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in KB Home during the 4th quarter valued at $301,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KB Home

In related news, COO Robert V. Mcgibney sold 14,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the sale, the chief operating officer directly owned 78,345 shares in the company, valued at $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, June 24th. Barclays set a $49.00 price target on shares of KB Home and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Bank of America lowered their price target on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Oppenheimer assumed coverage on shares of KB Home in a report on Wednesday, September 3rd. They issued a "market perform" rating on the stock. Finally, Wall Street Zen raised shares of KB Home from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $66.86.

KB Home Stock Up 0.4%

Shares of NYSE KBH traded up $0.27 during midday trading on Tuesday, reaching $65.46. The company's stock had a trading volume of 1,178,809 shares, compared to its average volume of 1,457,661. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $60.34 and a 200-day simple moving average of $56.80. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 5.35 and a beta of 1.36.

KB Home (NYSE:KBH - Get Free Report) last released 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 firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.15 earnings per share. Equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 7th. KB Home's payout ratio is 13.25%.

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.