KB Home (NYSE:KBH) Shares Sold by Zacks Investment Management

Zacks Investment Management lessened its position in KB Home (NYSE:KBH - Free Report) by 69.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,046 shares of the construction company's stock after selling 16,206 shares during the quarter. Zacks Investment Management's holdings in KB Home were worth $463,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC purchased a new stake in shares of KB Home in the 3rd quarter valued at about $464,000. Barclays PLC increased its holdings in shares of KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after purchasing an additional 38,638 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of KB Home by 97.6% in the third quarter. Virtu Financial LLC now owns 7,960 shares of the construction company's stock valued at $682,000 after purchasing an additional 3,931 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of KB Home by 5.2% in the third quarter. Sanctuary Advisors LLC now owns 11,080 shares of the construction company's stock valued at $880,000 after purchasing an additional 545 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in KB Home during the third quarter worth about $1,226,000. Institutional investors and hedge funds own 96.09% of the company's stock.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade 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 at this hyperlink. 3.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush reaffirmed a "neutral" rating and set a $75.00 price objective on shares of KB Home in a report on Tuesday, March 25th. The Goldman Sachs Group dropped their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Evercore ISI increased their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. 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 assigned a strong buy rating to the company. According to MarketBeat, KB Home presently has an average rating of "Hold" and a consensus target price of $71.04.

KB Home Trading Up 1.5 %

Shares of NYSE KBH traded up $0.81 during trading on Thursday, hitting $54.28. 1,121,781 shares of the company traded hands, compared to its average volume of 1,317,772. The firm has a market capitalization of $3.89 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.90 and a beta of 1.65. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $58.27 and a 200-day moving average price of $68.22. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70.

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 (EPS) 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 analyst estimates of $1.51 billion. During the same period last year, the company posted $1.76 EPS. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

KB Home 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.