Hotchkis & Wiley Capital Management LLC Has $5.97 Million Holdings in KB Home $KBH

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its stake in KB Home by 18.2%, now owning approximately 102,624 shares valued at $5,965,000.
• KB Home reported earnings per share of $1.50 for the last quarter, surpassing analysts' expectations, although its revenue experienced a 10.5% year-over-year decline.
• The company has recently declared a quarterly dividend of $0.25 per share, reflecting an annualized dividend yield of 1.6%.

Hotchkis & Wiley Capital Management LLC lowered its stake in shares of KB Home (NYSE:KBH - Free Report) by 18.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,624 shares of the construction company's stock after selling 22,846 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.14% of KB Home worth $5,965,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KBH. Harbor Capital Advisors Inc. raised its stake in KB Home by 73.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after acquiring an additional 258 shares during the period. Sachetta LLC raised its stake in KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock valued at $40,000 after acquiring an additional 660 shares during the period. Banque Cantonale Vaudoise bought a new stake in KB Home in the 1st quarter valued at $40,000. Byrne Asset Management LLC raised its stake in 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 during the period. Finally, Manchester Capital Management LLC raised 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 acquiring an additional 221 shares during the period. Institutional investors own 96.09% of the company's stock.

Insider Activity at KB Home

In related news, COO Robert V. Mcgibney sold 14,000 shares of KB Home stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer directly owned 78,345 shares of the company's stock, valued at $4,193,024.40. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.89% of the stock is currently owned by corporate insiders.

KB Home Price Performance

NYSE:KBH traded up $0.14 during trading hours on Thursday, hitting $63.46. The company's stock had a trading volume of 1,221,789 shares, compared to its average volume of 1,383,389. The stock has a fifty day simple moving average of $57.43 and a 200-day simple moving average of $56.68. The company has a market capitalization of $4.32 billion, a P/E ratio of 8.41, a PEG ratio of 5.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted 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 firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%.The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the company earned $2.15 earnings per share. On average, analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KBH. Keefe, Bruyette & Woods dropped their price target on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, June 26th. Wall Street Zen upgraded KB Home from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Evercore ISI decreased their price objective on KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a report on Tuesday, June 24th. Barclays set a $49.00 price objective on KB Home and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Finally, Bank of America decreased their price objective on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $66.14.

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.