Man Group plc Decreases Holdings in KB Home (NYSE:KBH)

Man Group plc lessened its stake in KB Home (NYSE:KBH - Free Report) by 81.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,963 shares of the construction company's stock after selling 34,060 shares during the quarter. Man Group plc's holdings in KB Home were worth $523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after purchasing an additional 179 shares during the last quarter. Amundi grew its holdings in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of KB Home by 1,409.1% during the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock worth $65,000 after purchasing an additional 930 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of KB Home by 4,540.9% during the fourth quarter. Quarry LP now owns 1,021 shares of the construction company's stock worth $67,000 after purchasing an additional 999 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KBH shares. UBS Group cut their price target on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Wedbush reaffirmed a "neutral" rating and set a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Wall Street Zen lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company lowered their price target on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $71.23.

KB Home Stock Performance

NYSE:KBH traded down $1.85 during trading on Wednesday, reaching $51.44. The company's stock had a trading volume of 986,413 shares, compared to its average volume of 1,298,531. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a 50 day moving average of $54.33 and a 200-day moving average of $63.69. 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 posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm's revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. Research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.94%. KB Home's dividend payout ratio is currently 12.20%.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director now owns 10,262 shares of the company's stock, valued at $558,047.56. This trade represents a 32.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.89% of the stock is owned by corporate insiders.

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.