KB Home (NYSE:KBH) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its position in KB Home (NYSE:KBH - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,058 shares of the construction company's stock after selling 783,989 shares during the quarter. American Century Companies Inc. owned 1.01% of KB Home worth $47,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quest Partners LLC raised its holdings in shares of KB Home by 101,600.0% in the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company's stock valued at $87,000 after purchasing an additional 1,016 shares in the last quarter. Pathstone Holdings LLC raised its stake in KB Home by 1.3% in the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company's stock worth $1,759,000 after buying an additional 263 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock worth $77,655,000 after buying an additional 164,010 shares in the last quarter. Citigroup Inc. lifted its holdings in KB Home by 62.1% during the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company's stock worth $9,173,000 after buying an additional 40,992 shares during the period. Finally, Cerity Partners LLC boosted its position in KB Home by 24.7% during the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company's stock valued at $3,320,000 after acquiring an additional 7,679 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KBH shares. Keefe, Bruyette & Woods decreased their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday. Raymond James restated an "outperform" rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. StockNews.com downgraded shares of KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $71.21.

KB Home Stock Performance

Shares of NYSE:KBH traded down $1.42 during trading on Friday, hitting $57.79. The stock had a trading volume of 1,201,420 shares, compared to its average volume of 1,270,781. 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 12-month low of $56.41 and a 12-month high of $89.70. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The stock has a 50-day simple moving average of $63.43 and a two-hundred day simple moving average of $72.35.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business's quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 earnings per share. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. KB Home's dividend payout ratio (DPR) is currently 12.20%.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.89% of the company's stock.

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.