KB Home (NYSE:KBH) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its position in KB Home (NYSE:KBH - Free Report) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,175 shares of the construction company's stock after selling 5,592 shares during the quarter. Neuberger Berman Group LLC's holdings in KB Home were worth $209,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.89% of the stock is currently owned by insiders.

KB Home Price Performance

Shares of KB Home stock traded up $1.44 during trading hours on Friday, reaching $51.59. The stock had a trading volume of 1,795,630 shares, compared to its average volume of 1,318,795. KB Home has a twelve month low of $48.90 and a twelve month 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 firm has a market capitalization of $3.70 billion, a PE ratio of 6.09, a PEG ratio of 0.90 and a beta of 1.65. The stock's 50 day moving average is $59.22 and its 200 day moving average is $69.08.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $1.76 earnings per share. The firm's revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KBH shares. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 26th. Wedbush reissued a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Royal Bank of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research report on Tuesday, March 25th. StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Finally, Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $71.04.

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.