KB Home (NYSE:KBH) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its position in KB Home (NYSE:KBH) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,312 shares of the construction company’s stock after selling 9,000 shares during the period. UniSuper Management Pty Ltd owned 0.10% of KB Home worth $4,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. lifted its stake in KB Home by 1.7% during 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 period. Principal Securities Inc. lifted its position in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the period. Blue Trust Inc. boosted its holdings in KB Home by 15.3% in the fourth 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 grew its position in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after buying an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of NYSE:KBH opened at $57.79 on Friday. 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 has a 1 year low of $56.41 and a 1 year high of $89.70. The firm has a market capitalization of $4.13 billion, a PE ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89. The business’s 50 day moving average price is $63.43 and its 200-day moving average price is $72.46.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. As a group, equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is 12.20%.

Analysts Set New Price Targets

Several analysts recently commented on KBH shares. The Goldman Sachs Group dropped their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada dropped their price objective on shares of KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday. Wedbush reissued a “neutral” rating and set a $75.00 price target on shares of KB Home in a report on Tuesday. Finally, Raymond James reaffirmed 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.21.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.89% of the company’s stock.

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.