SG Americas Securities LLC Lowers Stock Holdings in KB Home (NYSE:KBH)

SG Americas Securities LLC reduced its stake in shares of KB Home (NYSE:KBH - Free Report) by 87.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,953 shares of the construction company's stock after selling 19,813 shares during the quarter. SG Americas Securities LLC's holdings in KB Home were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBH. Harbour Investments Inc. bought a new stake in shares of KB Home in the second quarter worth about $26,000. Fifth Third Bancorp grew its stake in shares of KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company's stock worth $43,000 after purchasing an additional 270 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of KB Home in the fourth quarter worth about $62,000. Lazard Asset Management LLC bought a new stake in KB Home during the 1st quarter valued at approximately $40,000. Finally, Acadian Asset Management LLC boosted its position in KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company's stock valued at $69,000 after acquiring an additional 568 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of KB Home from $82.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, March 21st. StockNews.com lowered shares of KB Home from a "buy" rating to a "hold" rating in a report on Wednesday. Barclays lifted their target price on shares of KB Home from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Raymond James lifted their target price on shares of KB Home from $61.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, January 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of KB Home from $67.00 to $77.00 and gave the stock a "market perform" rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, KB Home presently has a consensus rating of "Hold" and a consensus price target of $66.11.

Insider Buying and Selling

In related news, CEO Jeffrey T. Mezger sold 165,307 shares of the company's stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $59.40, for a total value of $9,819,235.80. Following the completion of the transaction, the chief executive officer now owns 1,491,298 shares of the company's stock, valued at approximately $88,583,101.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other KB Home news, CEO Jeffrey T. Mezger sold 165,307 shares of the business's stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $59.40, for a total value of $9,819,235.80. Following the sale, the chief executive officer now owns 1,491,298 shares in the company, valued at approximately $88,583,101.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO William R. Hollinger sold 45,471 shares of the business's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the completion of the sale, the chief accounting officer now owns 109,981 shares in the company, valued at approximately $6,650,551.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 412,021 shares of company stock valued at $24,954,977. Company insiders own 4.44% of the company's stock.

KB Home Stock Down 1.1 %

KBH traded down $0.71 during mid-day trading on Friday, reaching $64.10. 695,145 shares of the company traded hands, compared to its average volume of 1,166,189. The stock has a market capitalization of $4.86 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.72 and a beta of 1.73. The company's fifty day moving average price is $65.78 and its 200-day moving average price is $58.16. KB Home has a 52-week low of $38.65 and a 52-week high of $72.00.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned $1.45 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date was Wednesday, February 7th. KB Home's dividend payout ratio is currently 10.88%.

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.