O Shaughnessy Asset Management LLC Sells 5,266 Shares of KB Home (NYSE:KBH)

O Shaughnessy Asset Management LLC decreased its stake in KB Home (NYSE:KBH - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,687 shares of the construction company's stock after selling 5,266 shares during the period. O Shaughnessy Asset Management LLC's holdings in KB Home were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake 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 buying an additional 214 shares during the period. Principal Securities Inc. increased its stake 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 buying an additional 179 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home in the third quarter valued at about $59,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 557 shares during the period. Finally, Amundi grew its stake in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James reaffirmed an "outperform" rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Bank of America reduced their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, Evercore ISI raised their price objective on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.21.

KB Home Stock Performance

KB Home stock traded down $2.26 during mid-day trading on Thursday, reaching $51.78. 161,236 shares of the company's stock were exchanged, compared to its average volume of 1,294,457. The business's fifty day simple moving average is $60.96 and its 200 day simple moving average is $70.39. The firm has a market capitalization of $3.70 billion, a PE ratio of 6.13, a P/E/G ratio of 0.90 and a beta of 1.65. KB Home has a one year low of $49.75 and a one year high of $89.70. 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 (NYSE:KBH - Get Free Report) last issued its quarterly 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business's revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. On average, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.25 per share. 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 1.93%. KB Home's dividend payout ratio (DPR) is currently 12.20%.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business'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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.89% of the stock is currently owned by corporate insiders.

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.