Zacks Investment Management Sells 16,206 Shares of KB Home (NYSE:KBH)

Zacks Investment Management decreased its position in shares of KB Home (NYSE:KBH - Free Report) by 69.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,046 shares of the construction company's stock after selling 16,206 shares during the quarter. Zacks Investment Management's holdings in KB Home were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in KB Home by 65.6% in the 4th 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 during the period. Principal Securities Inc. boosted its holdings in 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 acquiring an additional 179 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in KB Home in the 3rd quarter worth approximately $59,000. Versant Capital Management Inc raised its stake in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after buying an additional 557 shares in the last quarter. Finally, Amundi raised its holdings in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Price Performance

NYSE:KBH traded down $0.67 during mid-day trading on Friday, reaching $53.61. 252,468 shares of the company were exchanged, compared to its average volume of 1,315,679. 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 6.33, 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. The company has a fifty day moving average of $58.06 and a 200 day moving average of $68.04.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results 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). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The firm's quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. KB Home's dividend payout ratio (DPR) is currently 12.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Evercore ISI boosted their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Raymond James reiterated an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, seven have assigned 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $71.04.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.89% of the stock is owned by corporate insiders.

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.