Victory Capital Management Inc. Acquires 25,161 Shares of KB Home (NYSE:KBH)

Victory Capital Management Inc. increased its holdings in KB Home (NYSE:KBH) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,746 shares of the construction company’s stock after purchasing an additional 25,161 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of KB Home worth $4,419,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in KB Home during the fourth quarter valued at $47,000. Daiwa Securities Group Inc. bought a new position in KB Home during the fourth quarter valued at $56,000. Fifth Third Bancorp increased its position in KB Home by 40.9% during the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of KB Home during the fourth quarter valued at $62,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of KB Home during the fourth quarter valued at $130,000. Institutional investors own 96.09% of the company’s stock.

Insider Activity

In other news, EVP Albert Z. Praw sold 22,160 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the transaction, the executive vice president now owns 135,512 shares in the company, valued at $9,500,746.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the transaction, the executive vice president now owns 135,512 shares in the company, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. Insiders have sold a total of 64,460 shares of company stock worth $4,384,468 over the last 90 days. 3.52% of the stock is currently owned by corporate insiders.

KB Home Stock Performance

KBH stock opened at $74.38 on Thursday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.79 and a beta of 1.74. The firm has a 50-day simple moving average of $67.17 and a two-hundred day simple moving average of $61.55. KB Home has a one year low of $42.11 and a one year high of $74.65.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is 13.61%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Raymond James boosted their target price on shares of KB Home from $61.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Royal Bank of Canada boosted their target price on shares of KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a research note on Thursday, March 21st. StockNews.com lowered shares of KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price objective on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $66.30.

KB Home Company 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.