UniSuper Management Pty Ltd Has $4.69 Million Stock Position in KB Home (NYSE:KBH)

UniSuper Management Pty Ltd trimmed its position in KB Home (NYSE:KBH - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,312 shares of the construction company's stock after selling 9,000 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.10% of KB Home worth $4,687,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KBH. Xponance Inc. increased its stake in KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after purchasing an additional 163 shares during the period. Principal Securities Inc. increased its holdings in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares during the period. Blue Trust Inc. grew its position in KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after buying an additional 194 shares during the last quarter. Amundi lifted its stake in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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KB Home Stock Up 0.1 %

Shares of KBH traded up $0.04 during midday trading on Wednesday, hitting $58.41. The company had a trading volume of 290,243 shares, compared to its average volume of 1,275,507. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.90 and a beta of 1.89. The company's 50 day moving average price is $63.06 and its 200 day moving average price is $71.99. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a 52 week low of $56.41 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, equities research analysts predict that KB Home will post 8.42 EPS 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 $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 1.71%. KB Home's dividend payout ratio (DPR) is 12.20%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KBH shares. UBS Group decreased their price target on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Wedbush reaffirmed a "neutral" rating and set a $75.00 price target on shares of KB Home in a research note on Tuesday, March 25th. The Goldman Sachs Group reduced their price objective 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. Finally, Wells Fargo & Company cut their price objective on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research report on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average target price of $71.21.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.89% of the company's stock.

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.