Focus Partners Wealth Trims Stock Position in KB Home (NYSE:KBH)

Focus Partners Wealth lowered its position in KB Home (NYSE:KBH - Free Report) by 68.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have commented on KBH shares. The Goldman Sachs Group dropped their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Royal Bank of Canada dropped their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Bank of America dropped their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. UBS Group dropped their price objective on shares of KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company dropped their price objective on shares of KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.23.

Insiders Place Their Bets

In other news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director now directly owns 10,262 shares of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.89% of the stock is owned by insiders.

KB Home Trading Up 4.0%

NYSE KBH traded up $2.06 during trading on Tuesday, hitting $53.30. The stock had a trading volume of 1,028,119 shares, compared to its average volume of 1,299,780. 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 stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 6.29, a P/E/G ratio of 0.90 and a beta of 1.45. KB Home has a one year low of $48.90 and a one year high of $89.70. The stock has a 50 day simple moving average of $54.33 and a 200 day simple moving average of $63.69.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion during 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 for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 EPS. Sell-side analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's payout ratio is currently 12.20%.

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.