KB Home (NYSE:KBH) Holdings Lowered by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its stake in KB Home (NYSE:KBH - Free Report) by 54.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,485 shares of the construction company's stock after selling 23,146 shares during the period. Kingsview Wealth Management LLC's holdings in KB Home were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in KB Home by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,944 shares of the construction company's stock valued at $1,392,000 after purchasing an additional 819 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of KB Home by 0.4% in the first quarter. Principal Financial Group Inc. now owns 208,222 shares of the construction company's stock valued at $12,102,000 after acquiring an additional 902 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of KB Home by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company's stock valued at $44,384,000 after acquiring an additional 6,856 shares during the period. SG Americas Securities LLC boosted its holdings in shares of KB Home by 11.5% in the first quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock valued at $596,000 after acquiring an additional 1,057 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of KB Home by 64.3% in the first quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company's stock valued at $96,000 after acquiring an additional 649 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total transaction of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares of the company's stock, valued at $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director directly owned 10,262 shares of the company's stock, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.89% of the company's stock.

Analysts Set New Price Targets

KBH has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an "underweight" rating and issued a $52.00 price objective (down from $53.00) on shares of KB Home in a research report on Tuesday, June 24th. 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 research note on Tuesday, June 24th. Keefe, Bruyette & Woods dropped their price objective on KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Thursday, June 26th. Barclays set a $49.00 price objective on KB Home and gave the stock an "equal weight" rating in a research report on Tuesday, June 24th. Finally, Bank of America lowered their price target on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, KB Home currently has a consensus rating of "Hold" and a consensus target price of $66.14.

KB Home Stock Down 3.3%

Shares of KBH traded down $1.94 during trading on Thursday, reaching $56.76. The company's stock had a trading volume of 553,380 shares, compared to its average volume of 1,500,000. The company has a fifty day moving average of $53.36 and a two-hundred day moving average of $57.82. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 4.74 and a beta of 1.34. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $2.15 EPS. The firm's revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. 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.