KB Home (NYSE:KBH) Stock Holdings Cut by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in KB Home (NYSE:KBH - Free Report) by 58.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,633 shares of the construction company's stock after selling 115,807 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of KB Home worth $7,081,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in KB Home during the 1st quarter worth approximately $1,588,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of KB Home by 18.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company's stock valued at $891,000 after acquiring an additional 2,032 shares in the last quarter. CWM LLC boosted its position in KB Home by 26.6% during the 2nd quarter. CWM LLC now owns 1,792 shares of the construction company's stock worth $126,000 after purchasing an additional 377 shares during the period. QRG Capital Management Inc. increased its holdings in KB Home by 21.1% in the 2nd quarter. QRG Capital Management Inc. now owns 32,276 shares of the construction company's stock valued at $2,265,000 after purchasing an additional 5,625 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in KB Home by 29.2% in the second quarter. SG Americas Securities LLC now owns 54,692 shares of the construction company's stock valued at $3,838,000 after purchasing an additional 12,350 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KBH shares. Wells Fargo & Company lowered KB Home from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. The Goldman Sachs Group increased their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Wedbush upped their target price on shares of KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Bank of America raised their target price on KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Finally, Barclays boosted their price target on KB Home from $78.00 to $99.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $77.50.

KB Home Trading Down 1.7 %

KBH traded down $1.32 on Thursday, hitting $78.37. 1,276,320 shares of the company's stock were exchanged, compared to its average volume of 1,203,463. The stock has a fifty day moving average of $80.99 and a two-hundred day moving average of $78.18. The firm has a market cap of $5.75 billion, a PE ratio of 10.22, a P/E/G ratio of 0.65 and a beta of 1.81. KB Home has a twelve month low of $54.94 and a twelve month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business's revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.80 EPS. On average, analysts predict that KB Home will post 8.44 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. KB Home's dividend payout ratio (DPR) is presently 12.82%.

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.