KB Home (NYSE:KBH) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC trimmed its holdings in KB Home (NYSE:KBH - Free Report) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,771 shares of the construction company's stock after selling 9,329 shares during the quarter. Aquatic Capital Management LLC owned 0.06% of KB Home worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KBH. Jones Financial Companies Lllp increased its position in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. increased its position in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after buying an additional 179 shares during the last quarter. Versant Capital Management Inc lifted its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after purchasing an additional 557 shares during the last quarter. Amundi raised its holdings in KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter worth about $59,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KBH shares. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods reduced their target price on shares of 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. Royal Bank of Canada decreased their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Bank of America dropped their target price on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, Raymond James reaffirmed an "outperform" rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $71.04.

KB Home Trading Down 1.1 %

Shares of NYSE:KBH opened at $53.69 on Monday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $57.86 and a 200-day moving average of $67.68. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The stock has a market cap of $3.85 billion, a PE ratio of 6.34, a P/E/G ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.76 earnings per share. KB Home's quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. KB Home's dividend payout ratio (DPR) is currently 12.20%.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.89% of the company's stock.

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.

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