KB Home (NYSE:KBH) Shares Sold by Empirical Finance LLC

Empirical Finance LLC trimmed its holdings in shares of KB Home (NYSE:KBH - Free Report) by 52.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,966 shares of the construction company's stock after selling 10,090 shares during the period. Empirical Finance LLC's holdings in KB Home were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of KB Home during the third quarter worth about $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the third quarter worth about $43,000. Versant Capital Management Inc increased its position in shares of 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in KB Home in the 3rd quarter valued at about $59,000. Finally, Banque Cantonale Vaudoise acquired a new position in KB Home in the 3rd quarter valued at about $61,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.44% of the company's stock.

KB Home Stock Performance

KBH traded up $0.79 during trading on Friday, reaching $64.96. The company's stock had a trading volume of 1,034,588 shares, compared to its average volume of 1,526,876. KB Home has a 52-week low of $60.26 and a 52-week high of $89.70. The company's fifty day moving average price is $67.52 and its 200-day moving average price is $76.77. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. On average, equities analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home's dividend payout ratio (DPR) is 11.81%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KBH. UBS Group dropped their price target on KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Evercore ISI boosted their price target on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Royal Bank of Canada upgraded KB Home from an "underperform" rating to a "sector perform" rating and dropped their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Barclays dropped their price target on KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $76.21.

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.