Aristotle Capital Boston LLC cut its stake in KB Home (NYSE:KBH - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,395 shares of the construction company's stock after selling 49,875 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.63% of KB Home worth $29,994,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of KBH. Jones Financial Companies Lllp raised its holdings in KB Home by 65.6% during the fourth 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 in the last quarter. Principal Securities Inc. lifted its holdings in 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 last quarter. Versant Capital Management Inc boosted its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after purchasing an additional 557 shares during the period. Amundi grew its holdings in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 96.09% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. StockNews.com downgraded KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group cut their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Bank of America lowered their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Raymond James reiterated an "outperform" rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $71.04.
Read Our Latest Stock Report on KBH
KB Home Price Performance
Shares of KB Home stock traded up $0.98 during trading on Thursday, hitting $54.44. 344,229 shares of the company's stock traded hands, compared to its average volume of 1,321,502. KB Home has a twelve month low of $48.90 and a twelve month 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 company has a market cap of $3.91 billion, a PE ratio of 6.43, a PEG ratio of 0.90 and a beta of 1.45. The firm's fifty day moving average price is $56.60 and its 200 day moving average price is $66.30.
KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 earnings per share. Analysts forecast that KB Home will post 8.42 earnings per share for the current year.
KB Home Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. KB Home's dividend payout ratio is presently 12.20%.
KB Home Profile
(
Free Report)
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.
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