Petrus Trust Company LTA Acquires Shares of 8,492 KB Home $KBH

Key Points

• Petrus Trust Company LTA has acquired a new stake in KB Home, purchasing 8,492 shares for approximately $494,000.
• KB Home recently announced a quarterly dividend of $0.25 per share, yielding 1.5%, with a payout ratio of 13.25%.
• Analyst ratings for KB Home vary, with one strong buy, three buys, and eight holds, and a consensus price target of $66.86.

Petrus Trust Company LTA purchased a new stake in KB Home (NYSE:KBH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,492 shares of the construction company's stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KBH. Cetera Investment Advisers raised its stake in KB Home by 2.8% in the fourth quarter. Cetera Investment Advisers now owns 23,556 shares of the construction company's stock valued at $1,548,000 after buying an additional 632 shares in the last quarter. Deutsche Bank AG raised its stake in KB Home by 17.9% in the fourth quarter. Deutsche Bank AG now owns 129,770 shares of the construction company's stock valued at $8,528,000 after buying an additional 19,668 shares in the last quarter. Ethic Inc. raised its stake in KB Home by 25.0% in the fourth quarter. Ethic Inc. now owns 18,042 shares of the construction company's stock valued at $1,186,000 after buying an additional 3,610 shares in the last quarter. Janus Henderson Group PLC raised its stake in KB Home by 174.9% in the fourth quarter. Janus Henderson Group PLC now owns 191,988 shares of the construction company's stock valued at $12,620,000 after buying an additional 122,145 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of KB Home by 3.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,440 shares of the construction company's stock valued at $1,080,000 after purchasing an additional 503 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of KB Home 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 owned 78,345 shares of the company's stock, valued at approximately $4,193,024.40. The trade was a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.89% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KBH. UBS Group reduced their target price on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Keefe, Bruyette & Woods reduced their target price on KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Thursday, June 26th. Evercore ISI reduced their target price on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Zacks Research raised KB Home from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Bank of America reduced their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, KB Home has an average rating of "Hold" and a consensus target price of $66.86.

KB Home Stock Performance

KBH stock traded up $1.85 during trading on Thursday, hitting $67.42. The company had a trading volume of 635,847 shares, compared to its average volume of 1,460,327. The firm has a market cap of $4.59 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 5.36 and a beta of 1.36. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The firm has a 50-day moving average price of $59.58 and a 200-day moving average price of $56.78. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $2.15 EPS. On average, analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.25 dividend. 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 payout ratio is currently 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.