Sei Investments Co. Decreases Holdings in KB Home (NYSE:KBH)

Sei Investments Co. trimmed its stake in KB Home (NYSE:KBH - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,305 shares of the construction company's stock after selling 27,424 shares during the period. Sei Investments Co. owned 0.19% of KB Home worth $9,024,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in KB Home by 24.5% during the third 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 during the period. Neo Ivy Capital Management purchased a new stake in KB Home in the 3rd quarter worth approximately $956,000. Blue Trust Inc. increased its holdings in KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock worth $113,000 after acquiring an additional 456 shares in the last quarter. RBA Wealth Management LLC raised its stake in KB Home by 2.0% during the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock worth $4,119,000 after acquiring an additional 1,244 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in KB Home during the fourth quarter valued at approximately $44,118,000. 96.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was 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 approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.89% of the stock is currently owned by company insiders.

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KB Home Trading Down 5.5 %

KBH traded down $3.24 during trading on Thursday, reaching $55.69. The company had a trading volume of 1,787,786 shares, compared to its average volume of 1,282,946. 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 has a 52 week low of $54.91 and a 52 week high of $89.70. The stock has a market cap of $3.98 billion, a P/E ratio of 6.57, a PEG ratio of 0.90 and a beta of 1.89. The business has a 50 day simple moving average of $62.64 and a 200-day simple moving average of $71.79.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion during 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 firm's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. On average, equities analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's payout ratio is 12.20%.

Wall Street Analyst Weigh In

Several analysts have recently commented on KBH shares. Wedbush restated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price target on KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Keefe, Bruyette & Woods cut their target price 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. Bank of America dropped their price target 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, Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KB Home presently has an average rating of "Hold" and a consensus price target of $71.21.

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.