KB Home (NYSE:KBH) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its position in shares of KB Home (NYSE:KBH - Free Report) by 73.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,508 shares of the construction company's stock after selling 50,196 shares during the quarter. Kingsview Wealth Management LLC's holdings in KB Home were worth $1,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of KB Home by 6.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,880 shares of the construction company's stock valued at $457,000 after purchasing an additional 624 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of KB Home by 60.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,184 shares of the construction company's stock worth $379,000 after acquiring an additional 3,084 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of KB Home by 40.9% during the 3rd 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 period. Teacher Retirement System of Texas grew its holdings in KB Home by 38.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 68,901 shares of the construction company's stock valued at $3,189,000 after purchasing an additional 19,233 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in KB Home by 7.6% in the 3rd quarter. California Public Employees Retirement System now owns 161,234 shares of the construction company's stock worth $7,462,000 after purchasing an additional 11,335 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KBH shares. Wells Fargo & Company increased their price target on KB Home from $65.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, March 21st. The Goldman Sachs Group upped their price target on shares of KB Home from $61.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, March 22nd. Zelman & Associates reissued an "underperform" rating and issued a $69.00 price objective on shares of KB Home in a research report on Monday, May 13th. UBS Group lifted their price target on shares of KB Home from $82.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Finally, StockNews.com cut KB Home from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $66.30.

Insiders Place Their Bets

In other news, EVP Albert Z. Praw sold 22,160 shares of KB Home stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the sale, the executive vice president now directly owns 135,512 shares in the company, valued at $9,500,746.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jeff Kaminski sold 38,386 shares of the company's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,294,522.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Albert Z. Praw sold 22,160 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the transaction, the executive vice president now directly owns 135,512 shares of the company's stock, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,460 shares of company stock valued at $4,384,468. Insiders own 4.44% of the company's stock.

KB Home Price Performance

Shares of KBH stock traded up $0.28 during mid-day trading on Friday, hitting $73.05. 1,494,642 shares of the stock traded hands, compared to its average volume of 1,215,865. The stock's fifty day moving average is $67.42 and its two-hundred day moving average is $62.16. KB Home has a 52-week low of $42.11 and a 52-week high of $74.65. The stock has a market cap of $5.55 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.82 and a beta of 1.74.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This is a boost from KB Home's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. KB Home's dividend payout ratio (DPR) is 13.61%.

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.