KB Home (NYSE:KBH) Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its holdings in shares of KB Home (NYSE:KBH - Free Report) by 68.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,566 shares of the construction company's stock after selling 10,024 shares during the period. Focus Partners Wealth's holdings in KB Home were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KBH. Norges Bank acquired a new position in KB Home during the 4th quarter valued at about $49,638,000. First Trust Advisors LP increased its position in KB Home by 61.2% during the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock valued at $87,264,000 after buying an additional 503,895 shares in the last quarter. Raymond James Financial Inc. acquired a new position in KB Home during the 4th quarter valued at about $12,288,000. Quantbot Technologies LP increased its position in KB Home by 4,083.5% during the 4th quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock valued at $9,623,000 after buying an additional 142,922 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in KB Home by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 727,809 shares of the construction company's stock valued at $47,832,000 after buying an additional 142,913 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays dropped their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Bank of America dropped their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 26th. UBS Group dropped their price target on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada dropped their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $71.23.

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the 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 transaction, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.89% of the company's stock.

KB Home Stock Performance

Shares of KBH traded up $0.03 during mid-day trading on Friday, reaching $51.26. The company had a trading volume of 1,445,502 shares, compared to its average volume of 1,300,871. The stock has a market capitalization of $3.68 billion, a P/E ratio of 6.05, a PEG ratio of 0.90 and a beta of 1.45. The stock has a 50 day moving average of $54.69 and a two-hundred day moving average of $64.20. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. 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 announced its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.76 EPS. KB Home's revenue was down 5.2% compared to the same quarter last year. On average, analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. KB Home's dividend payout ratio is presently 12.20%.

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.