Moody Aldrich Partners LLC Has $1.34 Million Stock Holdings in KB Home (NYSE:KBH)

Moody Aldrich Partners LLC lowered its position in shares of KB Home (NYSE:KBH - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,455 shares of the construction company's stock after selling 6,003 shares during the quarter. Moody Aldrich Partners LLC's holdings in KB Home were worth $1,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBH. Financial Management Professionals Inc. bought a new position in KB Home in the third quarter valued at $32,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of KB Home during the 3rd quarter worth approximately $43,000. Versant Capital Management Inc increased its holdings in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock worth $50,000 after buying an additional 557 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in KB Home during the third quarter worth $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home in the third quarter valued at $61,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Up 0.2 %

Shares of NYSE:KBH traded up $0.14 during trading on Wednesday, reaching $68.51. 554,610 shares of the company traded hands, compared to its average volume of 1,620,153. KB Home has a 52 week low of $58.15 and a 52 week high of $89.70. The firm has a market capitalization of $5.02 billion, a PE ratio of 8.09, a PEG ratio of 0.93 and a beta of 1.86. The company's 50 day moving average is $71.27 and its two-hundred day moving average is $77.98.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period last year, the firm posted $1.85 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate that KB Home will post 8.5 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home's payout ratio is 11.81%.

Analyst Upgrades and Downgrades

KBH has been the topic of several recent analyst reports. UBS Group lowered their price objective on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on KB Home from $70.00 to $65.00 and set an "underweight" rating on the stock in a report on Tuesday. Barclays cut their price target on KB Home from $85.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada upgraded shares of KB Home from an "underperform" rating to a "sector perform" rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Finally, Seaport Res Ptn upgraded shares of KB Home from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $76.21.

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.