Allianz Asset Management GmbH Has $24.20 Million Stake in KB Home (NYSE:KBH)

Allianz Asset Management GmbH decreased its holdings in shares of KB Home (NYSE:KBH - Free Report) by 43.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416,370 shares of the construction company's stock after selling 317,648 shares during the quarter. Allianz Asset Management GmbH owned about 0.58% of KB Home worth $24,199,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 206 shares during the period. CWM LLC boosted its stake in KB Home by 11.8% during the 1st quarter. CWM LLC now owns 2,007 shares of the construction company's stock valued at $117,000 after purchasing an additional 212 shares during the period. Vista Investment Management boosted its stake in KB Home by 4.4% during the 4th quarter. Vista Investment Management now owns 5,097 shares of the construction company's stock valued at $335,000 after purchasing an additional 215 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in KB Home by 1.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company's stock valued at $729,000 after acquiring an additional 221 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings 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 in the last quarter. Institutional investors own 96.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on KBH shares. Wall Street Zen raised KB Home from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Evercore ISI cut their price target on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Keefe, Bruyette & Woods cut their price target on KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Thursday, June 26th. Bank of America dropped their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $52.00 target price (down from $53.00) on shares of KB Home in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $66.14.

Insider Activity at KB Home

In related 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 completion of the sale, the director directly owned 10,262 shares in the company, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the chief operating officer owned 78,345 shares of the company's stock, valued at approximately $4,193,024.40. This trade represents a 15.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.89% of the stock is currently owned by corporate insiders.

KB Home Stock Down 0.4%

Shares of KB Home stock traded down $0.26 during trading on Monday, reaching $56.61. The stock had a trading volume of 255,103 shares, compared to its average volume of 1,496,526. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 4.57 and a beta of 1.34. The stock has a fifty day moving average price of $53.44 and a two-hundred day moving average price of $57.60. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. 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 (NYSE:KBH - Get Free Report) last released its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. The business had revenue of $1.53 billion for 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%. KB Home's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.15 earnings per share. Sell-side 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. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 7th. KB Home's payout ratio is 13.25%.

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.