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

Aquatic Capital Management LLC trimmed its stake in shares of KB Home (NYSE:KBH - Free Report) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KBH. Barclays PLC increased its stake in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after buying an additional 38,638 shares during the period. Blue Trust Inc. grew its holdings in KB Home by 35.9% during the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock worth $113,000 after acquiring an additional 456 shares during the period. RBA Wealth Management LLC raised its position in KB Home by 2.0% in the fourth quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock worth $4,119,000 after acquiring an additional 1,244 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in KB Home in the fourth quarter valued at $44,118,000. Finally, SG Americas Securities LLC boosted its position in shares of KB Home by 109.3% during the 4th quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company's stock worth $604,000 after purchasing an additional 4,801 shares in the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Barclays decreased their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. UBS Group decreased their price objective on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Wedbush restated a "neutral" rating and set a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $71.04.

KB Home Trading Up 2.3 %

Shares of KBH stock traded up $1.21 during mid-day trading on Friday, hitting $54.95. 828,696 shares of the company's stock were exchanged, compared to its average volume of 1,329,977. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.90 and a beta of 1.65. 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 fifty-two week low of $48.90 and a fifty-two week high of $89.70. The stock has a 50-day simple moving average of $57.05 and a two-hundred day simple moving average of $66.93.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly 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). The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. Equities analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 1.82%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

KB Home 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.