Securian Asset Management Inc. Trims Holdings in KB Home (NYSE:KBH)

Securian Asset Management Inc. trimmed its stake in KB Home (NYSE:KBH) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,324 shares of the construction company’s stock after selling 281 shares during the period. Securian Asset Management Inc.’s holdings in KB Home were worth $350,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Securities Inc. raised its stake in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the period. Blue Trust Inc. raised its stake in shares of KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after acquiring an additional 194 shares during the period. Amundi grew its holdings in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of KB Home by 1.8% in the fourth quarter. US Bancorp DE now owns 12,691 shares of the construction company’s stock valued at $834,000 after purchasing an additional 227 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were 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 owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KBH shares. Keefe, Bruyette & Woods dropped their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Raymond James restated an “outperform” rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Barclays dropped their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. UBS Group dropped their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KB Home currently has an average rating of “Hold” and a consensus target price of $75.21.

KB Home Stock Down 0.6 %

Shares of NYSE:KBH opened at $60.23 on Wednesday. The company has a market capitalization of $4.30 billion, a PE ratio of 7.11, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a twelve month low of $59.00 and a twelve month high of $89.70. The firm has a 50 day simple moving average of $64.44 and a 200-day simple moving average of $73.51.

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

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.66%. KB Home’s dividend payout ratio (DPR) is 11.81%.

KB Home 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.