Public Employees Retirement System of Ohio Has $111,000 Stake in KB Home (NYSE:KBH)

Public Employees Retirement System of Ohio reduced its stake in shares of KB Home (NYSE:KBH - Free Report) by 96.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,692 shares of the construction company's stock after selling 40,463 shares during the period. Public Employees Retirement System of Ohio's holdings in KB Home were worth $111,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KBH. Blue Trust Inc. raised its holdings in KB Home by 35.9% during the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock valued at $113,000 after buying an additional 456 shares in the last quarter. Choreo LLC acquired a new stake in shares of KB Home in the fourth quarter valued at about $216,000. Strategic Financial Concepts LLC acquired a new stake in shares of KB Home in the fourth quarter valued at about $1,427,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of KB Home by 143.9% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,200 shares of the construction company's stock valued at $2,116,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Vest Financial LLC grew its position in shares of KB Home by 117.4% in the fourth quarter. Vest Financial LLC now owns 36,899 shares of the construction company's stock valued at $2,425,000 after purchasing an additional 19,927 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Performance

KBH traded down $1.42 on Friday, hitting $51.53. 1,449,015 shares of the stock traded hands, compared to its average volume of 1,303,395. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $53.17 and a two-hundred day moving average price of $62.19. The firm has a market capitalization of $3.70 billion, a PE ratio of 6.08, a P/E/G ratio of 0.90 and a beta of 1.35. 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 released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 earnings per share. On average, research analysts predict 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, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's payout ratio is 12.20%.

Insider Buying and Selling at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the transaction, the director now directly owns 10,262 shares of the company's stock, valued at $558,047.56. The trade was a 32.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.89% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Bank of America lowered their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Barclays lowered 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. UBS Group lowered their price target on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods lowered their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $71.05.

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.