KB Home (NYSE:KBH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in KB Home (NYSE:KBH) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,496 shares of the construction company’s stock after selling 10,722 shares during the quarter. Los Angeles Capital Management LLC’s holdings in KB Home were worth $1,216,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the period. Holocene Advisors LP purchased a new stake in KB Home during the 3rd quarter worth about $89,899,000. Hennessy Advisors Inc. purchased a new stake in KB Home during the 4th quarter worth about $44,118,000. Charles Schwab Investment Management Inc. increased its holdings in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares during the period. Finally, Empowered Funds LLC increased its holdings in KB Home by 201.8% during the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after purchasing an additional 144,854 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of KB Home stock opened at $60.89 on Friday. The firm’s fifty day simple moving average is $65.38 and its 200-day simple moving average is $75.29. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.90 and a beta of 1.86. KB Home has a 12 month low of $59.89 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Wall Street Analyst Weigh In

KBH has been the topic of several recent research reports. Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays cut their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI raised their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods cut their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $76.21.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.44% 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.