Charles Schwab Investment Management Inc. Has $50.90 Million Stock Position in KB Home $KBH

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in KB Home by 1.9%, now owning 875,778 shares valued at approximately $50.9 million.
• KB Home reported a quarterly EPS of $1.50, surpassing estimates, although its revenue declined by 10.5% year-over-year.
• The company announced a $0.25 quarterly dividend with a yield of 1.6%, payable on August 21st to investors of record as of August 7th.

Charles Schwab Investment Management Inc. reduced its holdings in KB Home (NYSE:KBH - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 875,778 shares of the construction company's stock after selling 17,402 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of KB Home worth $50,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in KB Home by 0.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock valued at $2,433,000 after buying an additional 206 shares during the last quarter. CWM LLC increased its stake in KB Home by 11.8% in the 1st quarter. CWM LLC now owns 2,007 shares of the construction company's stock valued at $117,000 after buying an additional 212 shares during the last quarter. Vista Investment Management increased its stake in KB Home by 4.4% in the 4th quarter. Vista Investment Management now owns 5,097 shares of the construction company's stock valued at $335,000 after buying an additional 215 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in KB Home by 1.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company's stock valued at $729,000 after buying an additional 221 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company's stock valued at $56,000 after buying an additional 221 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the sale, the chief operating officer owned 78,345 shares in the company, valued at $4,193,024.40. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.89% of the stock is currently owned by insiders.

KB Home Price Performance

Shares of NYSE:KBH traded up $1.0350 during midday trading on Tuesday, hitting $63.2450. The stock had a trading volume of 1,091,318 shares, compared to its average volume of 1,490,157. The company's 50-day moving average price is $55.74 and its 200-day moving average price is $56.70. The company has a market capitalization of $4.30 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 5.05 and a beta of 1.34. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 EPS. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, August 7th. KB Home's dividend payout ratio is currently 13.25%.

Analysts Set New Price Targets

KBH has been the subject of a number of analyst reports. Evercore ISI decreased their price objective on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. Wall Street Zen raised shares of KB Home from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. UBS Group reduced their target price on shares of KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Bank of America reduced their target price on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $66.14.

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.