Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in KB Home (NYSE:KBH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in KB Home (NYSE:KBH) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,556 shares of the construction company’s stock after selling 333 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in KB Home were worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Xponance Inc. lifted its holdings in shares of KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after acquiring an additional 163 shares during the last quarter. Principal Securities Inc. boosted its holdings 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 worth $39,000 after purchasing an additional 179 shares during the period. Blue Trust Inc. increased its position in shares of KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after purchasing an additional 194 shares during the last quarter. Amundi raised its holdings in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KBH shares. Barclays reduced their target price on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com lowered shares of KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KB Home has an average rating of “Hold” and an average price target of $71.21.

KB Home Stock Performance

KBH stock opened at $59.14 on Thursday. KB Home has a 1-year low of $56.41 and a 1-year high of $89.70. The business has a 50-day moving average price of $63.81 and a 200 day moving average price of $72.71. The company has a market capitalization of $4.23 billion, a P/E ratio of 6.98, a PEG ratio of 0.90 and a beta of 1.89. 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 posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.69%. KB Home’s dividend payout ratio (DPR) is presently 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.