Deutsche Bank AG Sells 63,751 Shares of KB Home $KBH

Key Points

• Deutsche Bank AG has reduced its stake in KB Home by 49.1%, now holding 66,019 shares, after selling 63,751 shares during the first quarter of the year.
• The company's COO, Robert V. Mcgibney, sold 14,000 shares, resulting in a 15.16% decrease in his position, while insider ownership remains at 3.89%.
• KB Home recently announced a quarterly dividend of $0.25, reflecting a 1.6% dividend yield, with an annual payout ratio of 13.25%.

Deutsche Bank AG lowered its stake in KB Home (NYSE:KBH - Free Report) by 49.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,019 shares of the construction company's stock after selling 63,751 shares during the quarter. Deutsche Bank AG owned about 0.09% of KB Home worth $3,837,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in KB Home by 73.7% in the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Sachetta LLC boosted its stake in shares of KB Home by 3,142.9% during the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after buying an additional 660 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of KB Home in the 1st quarter valued at about $40,000. Byrne Asset Management LLC grew its holdings in shares of KB Home by 51.8% in the 1st quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock valued at $45,000 after acquiring an additional 264 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of KB Home by 30.1% in the first quarter. Manchester Capital Management LLC now owns 955 shares of the construction company's stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 96.09% of the company's stock.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the business'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 completion of the transaction, the chief operating officer directly owned 78,345 shares in the company, valued at approximately $4,193,024.40. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.89% of the company's stock.

KB Home Price Performance

Shares of NYSE:KBH opened at $62.18 on Tuesday. The firm has a 50 day moving average of $55.74 and a 200-day moving average of $56.70. The stock has a market capitalization of $4.23 billion, a PE ratio of 8.24, a PEG ratio of 5.05 and a beta of 1.34. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47. KB Home has a 12 month low of $48.90 and a 12 month 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. On average, equities research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a $0.25 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home's payout ratio is presently 13.25%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price target on KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Thursday, June 26th. Barclays set a $49.00 target price on shares of KB Home and gave the company an "equal weight" rating in a research note on Tuesday, June 24th. Evercore ISI lowered their target price on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a report on Tuesday, June 24th. UBS Group cut their price target on shares of KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company restated an "underweight" rating and set a $52.00 price objective (down from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, KB Home currently has a consensus rating of "Hold" and a consensus target price of $66.14.

About KB Home

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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