Los Angeles Capital Management LLC Decreases Holdings in KB Home (NYSE:KBH)

Los Angeles Capital Management LLC decreased its position in shares of KB Home (NYSE:KBH) by 36.7% during the 4th quarter, according to its most recent 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 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC boosted its stake in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 164,010 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of KB Home during the 3rd quarter worth approximately $956,000. Blue Trust Inc. grew its position in shares of KB Home by 35.9% in the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after purchasing an additional 456 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of KB Home by 24.7% in the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on KBH shares. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays lowered their price target 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. Evercore ISI lifted their price target on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.21.

KB Home Stock Performance

KB Home stock opened at $60.89 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. The stock has a 50 day moving average of $65.38 and a 200-day moving average of $75.29. 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 52 week low of $59.89 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last issued its 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. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. On average, analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. KB Home’s payout ratio is currently 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.