Yousif Capital Management LLC Cuts Stock Holdings in KB Home (NYSE:KBH)

Yousif Capital Management LLC decreased its holdings in KB Home (NYSE:KBH) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,201 shares of the construction company’s stock after selling 1,444 shares during the period. Yousif Capital Management LLC’s holdings in KB Home were worth $1,722,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new stake in KB Home during the third quarter worth $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home during the 3rd quarter worth approximately $43,000. Wilmington Savings Fund Society FSB acquired a new stake in KB Home in the third quarter valued at $59,000. Banque Cantonale Vaudoise acquired a new position in KB Home in the third quarter valued at approximately $61,000. Finally, Versant Capital Management Inc raised its stake in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares in the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated 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 sale, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.44% of the company’s stock.

KB Home Stock Up 0.2 %

NYSE KBH opened at $64.22 on Wednesday. KB Home has a fifty-two week low of $60.00 and a fifty-two week high of $89.70. The stock has a market cap of $4.63 billion, a PE ratio of 7.58, a P/E/G ratio of 0.96 and a beta of 1.86. 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 business has a 50 day moving average price of $68.50 and a two-hundred day moving average price of $77.09.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Analyst Ratings Changes

KBH has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 28th. 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 report on Wednesday, January 15th. Bank of America reduced their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Finally, Evercore ISI increased their target price on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.21.

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.