KB Home (NYSE:KBH) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its position in shares of KB Home (NYSE:KBH - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,659 shares of the construction company's stock after selling 7,627 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.47% of KB Home worth $22,257,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in KB Home in the fourth quarter worth about $350,000. Norges Bank purchased a new position in shares of KB Home in the 4th quarter worth approximately $49,638,000. Caisse Des Depots ET Consignations acquired a new stake in shares of KB Home in the 4th quarter worth $2,484,000. Homestead Advisers Corp increased its holdings in shares of KB Home by 11.4% during the fourth quarter. Homestead Advisers Corp now owns 30,300 shares of the construction company's stock valued at $1,991,000 after acquiring an additional 3,100 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in KB Home by 24.4% in the 4th quarter. JPMorgan Chase & Co. now owns 727,809 shares of the construction company's stock worth $47,832,000 after purchasing an additional 142,913 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.89% of the company's stock.

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KB Home Stock Up 3.6 %

Shares of KBH traded up $2.00 during mid-day trading on Friday, reaching $57.61. The company's stock had a trading volume of 1,784,974 shares, compared to its average volume of 1,285,597. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 12-month low of $54.02 and a 12-month high of $89.70. The stock has a market cap of $4.12 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company's 50 day moving average is $62.45 and its 200 day moving average is $71.59.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 earnings per share. Equities analysts anticipate that KB Home will post 8.42 EPS 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's payout ratio is 12.20%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KBH. Barclays lowered their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. 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. JPMorgan Chase & Co. reduced their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Bank of America dropped their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group cut their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.21.

About KB Home

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.