Ameriprise Financial Inc. Has $19.95 Million Stock Position in KB Home (NYSE:KBH)

Ameriprise Financial Inc. lessened its holdings in KB Home (NYSE:KBH - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,579 shares of the construction company's stock after selling 113,086 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.42% of KB Home worth $19,951,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KBH. Jones Financial Companies Lllp lifted its position in shares of KB Home by 65.6% in the 4th 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. Principal Securities Inc. raised its stake in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after acquiring an additional 179 shares during the period. Amundi lifted its holdings in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares during the last quarter. Headlands Technologies LLC lifted its holdings in KB Home by 1,409.1% in the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock worth $65,000 after acquiring an additional 930 shares during the last quarter. Finally, Quarry LP boosted its stake in KB Home by 4,540.9% in the fourth quarter. Quarry LP now owns 1,021 shares of the construction company's stock valued at $67,000 after acquiring an additional 999 shares during the period. Institutional investors own 96.09% of the company's stock.

Insider Buying and Selling

In other news, Director Arthur Reginald Collins sold 5,000 shares of KB Home stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the transaction, the director now directly owns 10,262 shares of the company's stock, valued at $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.89% of the company's stock.

KB Home Price Performance

Shares of KBH traded down $0.55 during midday trading on Wednesday, reaching $52.66. The stock had a trading volume of 96,203 shares, compared to its average volume of 1,301,736. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company has a market capitalization of $3.78 billion, a P/E ratio of 6.22, a P/E/G ratio of 0.90 and a beta of 1.45. The firm's 50 day moving average price is $55.24 and its 200-day moving average price is $64.70. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.51 billion. During the same period in the previous year, the company posted $1.76 earnings per share. KB Home's revenue was down 5.2% compared to the same quarter last year. On average, analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio is presently 12.20%.

Wall Street Analysts Forecast Growth

KBH has been the topic of a number of research reports. Bank of America dropped their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Keefe, Bruyette & Woods cut their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 26th. Barclays lowered their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KB Home has an average rating of "Hold" and an average price target of $71.23.

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.