KB Home (NYSE:KBH) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in KB Home (NYSE:KBH - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,496 shares of the construction company's stock after selling 29,149 shares during the quarter. Empowered Funds LLC owned about 0.26% of KB Home worth $12,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after purchasing an additional 1,752,498 shares in the last quarter. State Street Corp grew its stake in shares of KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock valued at $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of KB Home by 3.4% during the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company's stock valued at $189,047,000 after acquiring an additional 73,051 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of KB Home by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock valued at $166,125,000 after acquiring an additional 16,593 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of KB Home during the third quarter valued at about $89,899,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

NYSE KBH traded down $0.32 during trading hours on Wednesday, reaching $63.90. The company's stock had a trading volume of 2,133,157 shares, compared to its average volume of 1,561,527. The business has a 50-day simple moving average of $68.13 and a 200 day simple moving average of $76.95. The stock has a market cap of $4.61 billion, a PE ratio of 7.54, a PEG ratio of 0.96 and a beta of 1.86. 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 has a 52 week low of $60.00 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.99 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 up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. Equities research analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.56%. KB Home's payout ratio is 11.81%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KBH shares. Bank of America decreased their price target on KB Home from $76.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Barclays decreased their price target on KB Home from $85.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. 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. Royal Bank of Canada upgraded KB Home from an "underperform" rating to a "sector perform" rating and decreased their price target for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. 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 note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $76.21.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the business'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 transaction of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.44% of the stock is owned by corporate insiders.

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.