Corebridge Financial Inc. Sells 9,155 Shares of KB Home (NYSE:KBH)

Corebridge Financial Inc. decreased its position in KB Home (NYSE:KBH - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,537 shares of the construction company's stock after selling 9,155 shares during the quarter. Corebridge Financial Inc. owned about 0.15% of KB Home worth $7,330,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. raised its stake in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the 3rd quarter worth approximately $59,000. Versant Capital Management Inc boosted its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after purchasing an additional 557 shares during the period. Finally, Amundi grew its holdings in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on KBH shares. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. Barclays decreased their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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 note on Tuesday, March 25th. Finally, Evercore ISI lifted their price target on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $71.21.

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KB Home Stock Performance

KB Home stock traded down $0.26 on Wednesday, hitting $58.11. The company's stock had a trading volume of 157,262 shares, compared to its average volume of 1,509,396. The company has a fifty day moving average price of $63.06 and a 200-day moving average price of $71.99. The firm has a market cap of $4.15 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a one year low of $56.41 and a one year high of $89.70. 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 (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate 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 was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS. On average, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Tuesday, January 28th. The stock was 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 $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 can be accessed through this link. 3.89% of the stock is owned by corporate insiders.

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.