Donald Smith & CO. Inc. Sells 18,425 Shares of KB Home (NYSE:KBH)

Donald Smith & CO. Inc. decreased its position in shares of KB Home (NYSE:KBH - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,685 shares of the construction company's stock after selling 18,425 shares during the quarter. Donald Smith & CO. Inc. owned 0.29% of KB Home worth $13,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new stake in KB Home during the 4th quarter valued at $2,809,000. Kesler Norman & Wride LLC boosted its position in shares of KB Home by 47.2% during the fourth quarter. Kesler Norman & Wride LLC now owns 9,248 shares of the construction company's stock valued at $608,000 after buying an additional 2,965 shares during the last quarter. Headlands Technologies LLC increased its holdings in KB Home by 1,409.1% in the 4th quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock worth $65,000 after buying an additional 930 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in KB Home in the 4th quarter worth about $350,000. Finally, Norges Bank bought a new position in KB Home during the 4th quarter valued at about $49,638,000. Institutional investors own 96.09% of the company's stock.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.89% of the company's stock.

Remove Ads

KB Home Stock Performance

Shares of NYSE:KBH traded down $0.65 during mid-day trading on Tuesday, reaching $54.01. 411,981 shares of the company traded hands, compared to its average volume of 1,525,317. The company's 50 day moving average price is $62.15 and its 200-day moving average price is $71.13. The firm has a market cap of $3.86 billion, a PE ratio of 6.38, a PEG ratio of 0.90 and a beta of 1.65. KB Home has a 52 week low of $53.90 and a 52 week high of $89.70. 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 (NYSE:KBH - Get Free Report) last posted its quarterly 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 firm had revenue of $1.39 billion during 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%. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 earnings per share. On average, equities analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid 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 yield of 1.85%. KB Home's payout ratio is presently 12.20%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KBH. Raymond James reiterated an "outperform" rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. The Goldman Sachs Group decreased their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. StockNews.com downgraded KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. UBS Group cut their price objective on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Barclays lowered their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. 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, the stock currently has a consensus rating of "Hold" and an average target price of $71.21.

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.