KB Home (NYSE:KBH) Stake Cut by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in KB Home (NYSE:KBH - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,558 shares of the construction company's stock after selling 21,648 shares during the period. Voya Investment Management LLC owned approximately 0.07% of KB Home worth $3,126,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KBH. Barclays PLC boosted its holdings in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after acquiring an additional 38,638 shares during the period. Blue Trust Inc. lifted its stake in shares of KB Home by 35.9% in 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 in the last quarter. RBA Wealth Management LLC increased its holdings in KB Home by 2.0% during the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock worth $4,119,000 after purchasing an additional 1,244 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of KB Home during the 4th quarter valued at approximately $44,118,000. Finally, SG Americas Securities LLC grew its holdings in 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 acquiring an additional 4,801 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Price Performance

NYSE:KBH traded down $1.77 during mid-day trading on Tuesday, reaching $52.93. 1,040,252 shares of the stock were exchanged, compared to its average volume of 1,325,699. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.80 billion, a PE ratio of 6.25, a PEG ratio of 0.90 and a beta of 1.45. The business has a fifty day moving average price of $56.91 and a 200 day moving average price of $66.48.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion for 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. The business's revenue was down 5.2% compared to the same quarter last year. Research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KBH. Evercore ISI upped their price target on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush reiterated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Finally, Raymond James reiterated an "outperform" rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $71.04.

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.