Loomis Sayles & Co. L P Has $11.60 Million Holdings in KB Home (NYSE:KBH)

Loomis Sayles & Co. L P cut its holdings in shares of KB Home (NYSE:KBH - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,440 shares of the construction company's stock after selling 10,987 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.24% of KB Home worth $11,596,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBH. FMR LLC lifted its position in shares of KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after buying an additional 1,752,498 shares during the last quarter. State Street Corp boosted its position in KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock worth $303,285,000 after purchasing an additional 45,311 shares during the period. Fisher Asset Management LLC increased its holdings in shares of KB Home by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after purchasing an additional 75,143 shares during the last quarter. Geode Capital Management LLC raised its position in shares of KB Home by 0.9% in 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 purchasing an additional 16,593 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of KB Home during the 3rd quarter worth about $89,899,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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KB Home Price Performance

KB Home stock traded down $3.54 during mid-day trading on Thursday, reaching $55.39. The company had a trading volume of 291,550 shares, compared to its average volume of 1,275,090. The company has a market cap of $3.96 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a fifty-two week low of $54.94 and a fifty-two week high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $62.88 and a 200 day simple moving average of $71.90.

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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. The company's revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, February 6th. KB Home's dividend payout ratio is presently 12.20%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on 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 completion of the sale, 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 filing with the SEC, which is available through the SEC website. Company insiders own 3.89% of the company's stock.

Wall Street Analyst Weigh In

KBH has been the topic of several research analyst reports. UBS Group lowered their price target on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Wedbush restated a "neutral" rating and issued a $75.00 price target on shares of KB Home in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Barclays lowered their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $71.21.

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.