Universal Beteiligungs und Servicegesellschaft mbH Has $8.46 Million Stake in KB Home (NYSE:KBH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in KB Home by selling 6,069 shares, bringing their ownership to 0.20% of the company, valued at approximately $8.46 million.
• Several institutional investors, such as Harbor Capital Advisors and Sachetta LLC, significantly increased their positions in KB Home, reflecting a growing interest as institutional ownership now stands at 96.09%.
• KB Home declared a quarterly dividend of $0.25 per share, with an ex-dividend date of August 7th, representing an annualized yield of 1.76%.

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in KB Home (NYSE:KBH - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,560 shares of the construction company's stock after selling 6,069 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of KB Home worth $8,460,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of KB Home by 0.6% in 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 grew its position in KB Home by 11.8% in the first quarter. CWM LLC now owns 2,007 shares of the construction company's stock valued at $117,000 after acquiring an additional 212 shares during the period. Vista Investment Management raised its stake in KB Home by 4.4% during the fourth quarter. Vista Investment Management now owns 5,097 shares of the construction company's stock worth $335,000 after acquiring an additional 215 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of KB Home by 1.7% during the first 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 during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of 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 purchasing an additional 258 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Trading Up 0.4%

Shares of KBH traded up $0.21 on Monday, reaching $57.07. 1,197,440 shares of the company's stock were exchanged, compared to its average volume of 1,503,353. The business has a 50 day moving average price of $53.44 and a two-hundred day moving average price of $57.60. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The stock has a market capitalization of $3.88 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 4.57 and a beta of 1.34. 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 posted its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $2.15 EPS. The firm's revenue was down 10.5% on a year-over-year basis. Research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a $0.25 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. KB Home's dividend payout ratio is 13.25%.

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director owned 10,262 shares of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert V. Mcgibney sold 14,000 shares of KB Home stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares in the company, valued at approximately $4,193,024.40. This 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 owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KBH shares. Barclays set a $49.00 price target on shares of KB Home and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of KB Home from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods decreased their price target on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $52.00 price target (down from $53.00) on shares of KB Home in a report on Tuesday, June 24th. Finally, UBS Group reduced their price objective on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $66.14.

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.