Russell Investments Group Ltd. Sells 5,581 Shares of KB Home (NYSE:KBH)

Russell Investments Group Ltd. decreased its position in shares of KB Home (NYSE:KBH - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,850 shares of the construction company's stock after selling 5,581 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of KB Home worth $7,811,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in KB Home by 65.6% during 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 last quarter. Principal Securities Inc. boosted its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after acquiring an additional 557 shares during the last quarter. Amundi grew its holdings in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in KB Home in the third quarter worth $59,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

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KB Home Trading Up 0.1 %

KBH stock traded up $0.06 during trading on Tuesday, hitting $51.08. The company had a trading volume of 1,328,543 shares, compared to its average volume of 1,313,477. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The company has a 50 day simple moving average of $59.73 and a 200-day simple moving average of $69.45. The firm has a market capitalization of $3.66 billion, a P/E ratio of 6.03, a PEG 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.

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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $1.76 earnings per share. KB Home's revenue was down 5.2% on a year-over-year basis. As a group, research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent research reports. Bank of America dropped their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. Raymond James restated an "outperform" rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their target price on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group decreased their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $71.04.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.89% of the company's stock.

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.