Public Employees Retirement System of Ohio Lowers Holdings in KB Home (NYSE:KBH)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CSS LLC IL boosted its stake in KB Home by 101.5% during the fourth quarter. CSS LLC IL now owns 8,795 shares of the construction company's stock valued at $578,000 after buying an additional 4,430 shares during the period. PharVision Advisers LLC purchased a new position in shares of KB Home during the fourth quarter worth about $277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of KB Home by 3.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,422 shares of the construction company's stock worth $14,092,000 after purchasing an additional 6,317 shares during the last quarter. Vista Investment Management increased its position in shares of KB Home by 4.4% in the fourth quarter. Vista Investment Management now owns 5,097 shares of the construction company's stock worth $335,000 after purchasing an additional 215 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in KB Home in the fourth quarter valued at approximately $19,526,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, the director now directly owns 10,262 shares of the company's stock, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.89% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KBH. Wedbush restated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Royal Bank of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Bank of America cut their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on KB Home from $55.00 to $53.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group dropped their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of "Hold" and an average target price of $71.05.

KB Home Trading Up 3.4%

NYSE:KBH traded up $1.78 during midday trading on Tuesday, reaching $54.73. 1,321,250 shares of the stock traded hands, compared to its average volume of 1,304,350. The stock has a market capitalization of $3.93 billion, a P/E ratio of 6.46, a PEG ratio of 0.90 and a beta of 1.35. 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 company has a fifty day moving average of $53.05 and a 200 day moving average of $61.90. 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 quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS 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 net margin of 9.45% and a return on equity of 16.46%. The business's revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share. On average, research analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio (DPR) is currently 12.20%.

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.