Vanguard Group Inc. Has $467.28 Million Stock Position in KB Home (NYSE:KBH)

Vanguard Group Inc. cut its stake in KB Home (NYSE:KBH - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,110,131 shares of the construction company's stock after selling 164,021 shares during the period. Vanguard Group Inc. owned approximately 9.85% of KB Home worth $467,278,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Xponance Inc. boosted its stake 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 purchasing an additional 163 shares in the last quarter. Principal Securities Inc. raised its position in KB Home by 43.6% in 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 in the last quarter. Blue Trust Inc. boosted its position in shares of KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after purchasing an additional 194 shares in the last quarter. Amundi grew its stake in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings 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 worth $36,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on KBH shares. Royal Bank of Canada decreased their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Barclays cut their target price on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company decreased their price target on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research report on Tuesday, March 25th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, 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 note on Wednesday, January 15th. 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's stock. According to MarketBeat, KB Home has a consensus rating of "Hold" and a consensus target price of $71.21.

KB Home Stock Performance

KBH traded up $2.00 during midday trading on Friday, reaching $57.61. The company's stock had a trading volume of 1,784,974 shares, compared to its average volume of 1,287,460. 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 company has a fifty day simple moving average of $62.45 and a 200 day simple moving average of $71.37. The stock has a market cap of $4.12 billion, a P/E ratio of 6.80, a PEG ratio of 0.90 and a beta of 1.65. KB Home has a twelve month low of $54.02 and a twelve month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. KB Home's revenue for the quarter was down 5.2% compared to the same quarter last year. Research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale 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 owned by company insiders.

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.