KB Home (NYSE:KBH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of KB Home (NYSE:KBH - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,350 shares of the construction company's stock after selling 8,549 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of KB Home worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of KBH. Xponance Inc. grew its holdings in shares of KB Home by 1.7% during the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of KB Home by 16.3% in the fourth quarter. Intech Investment Management LLC now owns 60,100 shares of the construction company's stock worth $3,950,000 after buying an additional 8,413 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of KB Home in the fourth quarter worth about $640,000. Cibc World Markets Corp acquired a new stake in KB Home during the fourth quarter worth about $400,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in KB Home during the fourth quarter valued at approximately $979,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.89% of the stock is owned by corporate insiders.

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KB Home Price Performance

Shares of NYSE KBH traded down $1.42 during midday trading on Friday, hitting $57.79. The stock had a trading volume of 1,201,420 shares, compared to its average volume of 1,270,781. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $63.43 and a 200-day simple moving average of $72.41. The company has a market capitalization of $4.13 billion, a PE ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 1 year low of $56.41 and a 1 year high of $89.70.

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 for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The company's revenue for the quarter was down 5.2% on a year-over-year basis. On average, sell-side analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.73%. KB Home's payout ratio is presently 12.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush restated a "neutral" rating and set a $75.00 price target on shares of KB Home in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group lowered their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, StockNews.com lowered KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday. Three 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 issued a strong buy rating to the company. According to MarketBeat.com, KB Home presently has a consensus rating of "Hold" and a consensus price target of $71.21.

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.