CANADA LIFE ASSURANCE Co Sells 5,108 Shares of KB Home (NYSE:KBH)

CANADA LIFE ASSURANCE Co decreased its position in KB Home (NYSE:KBH - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,014 shares of the construction company's stock after selling 5,108 shares during the period. CANADA LIFE ASSURANCE Co owned 0.11% of KB Home worth $5,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBH. Farringdon Capital Ltd. bought a new position in shares of KB Home in the 4th quarter valued at about $572,000. NewEdge Advisors LLC boosted its stake in KB Home by 10.5% in the fourth quarter. NewEdge Advisors LLC now owns 36,681 shares of the construction company's stock valued at $2,411,000 after acquiring an additional 3,478 shares during the last quarter. Jump Financial LLC grew its holdings in KB Home by 952.6% during the 4th quarter. Jump Financial LLC now owns 40,725 shares of the construction company's stock worth $2,676,000 after acquiring an additional 36,856 shares during the period. Bridgewater Associates LP raised its position in shares of KB Home by 19.6% during the 4th quarter. Bridgewater Associates LP now owns 155,418 shares of the construction company's stock valued at $10,214,000 after acquiring an additional 25,490 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of KB Home by 31.0% in the 4th quarter. Barclays PLC now owns 257,030 shares of the construction company's stock valued at $16,892,000 after purchasing an additional 60,801 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Down 1.1 %

Shares of KBH stock traded down $0.58 during trading hours on Friday, hitting $53.69. 935,821 shares of the company were exchanged, compared to its average volume of 1,322,452. The company has a market capitalization of $3.85 billion, a PE ratio of 6.34, a PEG ratio of 0.90 and a beta of 1.65. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The business has a 50 day moving average of $57.86 and a two-hundred day moving average of $67.77. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH - Get Free Report) last released its 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. Analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's payout ratio is 12.20%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group decreased their price objective on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Bank of America decreased their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. StockNews.com downgraded shares of KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Royal Bank of Canada reduced their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. Finally, Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, seven have given 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, KB Home has an average rating of "Hold" and a consensus target price of $71.04.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.