KB Home (NYSE:KBH) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its holdings in shares of KB Home (NYSE:KBH - Free Report) by 21.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,155 shares of the construction company's stock after selling 7,734 shares during the quarter. Cresset Asset Management LLC's holdings in KB Home were worth $1,850,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in KB Home in the fourth quarter valued at approximately $49,638,000. Hennessy Advisors Inc. acquired a new stake in KB Home in the fourth quarter valued at approximately $44,118,000. First Trust Advisors LP raised its holdings in KB Home by 61.2% in the fourth quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock valued at $87,264,000 after acquiring an additional 503,895 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KB Home during the fourth quarter worth approximately $12,288,000. Finally, Quantbot Technologies LP raised its holdings in KB Home by 4,083.5% during the fourth quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock worth $9,623,000 after purchasing an additional 142,922 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Stock Up 1.0%

Shares of KBH stock traded up $0.57 on Friday, hitting $54.96. The stock had a trading volume of 193,047 shares, compared to its average volume of 1,315,116. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 6.50, a P/E/G ratio of 0.90 and a beta of 1.45. The stock's 50 day moving average is $55.68 and its 200-day moving average is $65.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. 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 posted its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $1.76 earnings per share. The company's revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. KB Home's dividend payout ratio (DPR) is 12.20%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush reissued a "neutral" rating and set a $75.00 price objective on shares of KB Home in a report on Tuesday, March 25th. Royal Bank of Canada lowered their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their target price on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. UBS Group decreased their target price 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. Finally, 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 report on Tuesday, March 25th. 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, the stock currently has a consensus rating of "Hold" and a consensus target price 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.