CANADA LIFE ASSURANCE Co Sells 5,108 Shares of KB Home (NYSE:KBH)

CANADA LIFE ASSURANCE Co reduced its position in shares of KB Home (NYSE:KBH - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,014 shares of the construction company's stock after selling 5,108 shares during the period. CANADA LIFE ASSURANCE Co owned 0.11% of KB Home worth $5,059,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KBH. Jones Financial Companies Lllp lifted its holdings in 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 period. Principal Securities Inc. boosted its holdings in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Versant Capital Management Inc boosted its holdings in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after acquiring an additional 557 shares in the last quarter. Amundi increased its position in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in KB Home in the 3rd quarter worth $59,000. 96.09% of the stock is owned by institutional investors.

KB Home Stock Performance

KBH traded down $1.14 during mid-day trading on Tuesday, reaching $52.79. 239,410 shares of the company traded hands, compared to its average volume of 1,317,472. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The stock has a market capitalization of $3.79 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.90 and a beta of 1.65. The company's fifty day moving average price is $57.70 and its 200-day moving average price is $67.50.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

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 $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. KB Home's dividend payout ratio (DPR) is 12.20%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group decreased their price target on shares of KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Wells Fargo & Company decreased their price objective on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Bank of America decreased their target price on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada reduced their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research report on Tuesday, March 25th. Three 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.04.

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.