Ameriprise Financial Inc. Sells 113,086 Shares of KB Home (NYSE:KBH)

Ameriprise Financial Inc. decreased its stake in shares of KB Home (NYSE:KBH - Free Report) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 303,579 shares of the construction company's stock after selling 113,086 shares during the period. Ameriprise Financial Inc. owned 0.42% of KB Home worth $19,951,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC grew its position in KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after acquiring an additional 38,638 shares in the last quarter. Blue Trust Inc. lifted its stake in KB Home by 35.9% during the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock worth $113,000 after purchasing an additional 456 shares during the last quarter. RBA Wealth Management LLC boosted its holdings in shares of KB Home by 2.0% in the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock valued at $4,119,000 after buying an additional 1,244 shares during the period. Hennessy Advisors Inc. bought a new position in shares of KB Home during the fourth quarter valued at approximately $44,118,000. Finally, SG Americas Securities LLC increased its position in KB Home by 109.3% in the fourth quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company's stock worth $604,000 after buying an additional 4,801 shares during the period. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Performance

Shares of NYSE KBH traded down $1.14 during trading hours on Monday, hitting $53.91. 612,722 shares of the company's stock were exchanged, compared to its average volume of 1,309,069. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. 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 stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.90 and a beta of 1.45. The company's 50-day moving average price is $55.52 and its 200-day moving average price is $64.95.

KB Home (NYSE:KBH - Get Free Report) last released its 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). The firm 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 firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.76 earnings per share. On average, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio is 12.20%.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KBH has been the topic of several recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Barclays dropped their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. The Goldman Sachs Group cut their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Bank of America reduced their price target on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $71.23.

KB Home Company 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.