Rhumbline Advisers Sells 1,494 Shares of KB Home (NYSE:KBH)

Rhumbline Advisers lowered its position in KB Home (NYSE:KBH) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,284 shares of the construction company’s stock after selling 1,494 shares during the quarter. Rhumbline Advisers owned 0.31% of KB Home worth $15,069,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KBH. Creative Planning lifted its position in shares of KB Home by 36.8% in the 3rd quarter. Creative Planning now owns 32,372 shares of the construction company’s stock worth $2,774,000 after acquiring an additional 8,710 shares during the period. Blue Trust Inc. lifted its position in shares of KB Home by 23.4% in the 3rd quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock worth $109,000 after acquiring an additional 241 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of KB Home in the 3rd quarter worth approximately $217,000. Ballentine Partners LLC lifted its position in shares of KB Home by 10.9% in the 3rd quarter. Ballentine Partners LLC now owns 11,683 shares of the construction company’s stock worth $1,001,000 after acquiring an additional 1,145 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of KB Home by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after acquiring an additional 161 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group reduced their price objective on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Barclays dropped their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Bank of America dropped their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, KB Home has a consensus rating of “Hold” and an average target price of $76.21.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on 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 of the company’s stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.44% of the company’s stock.

KB Home Trading Down 2.4 %

KBH stock opened at $61.30 on Friday. The business has a fifty day moving average price of $66.03 and a 200 day moving average price of $75.94. KB Home has a fifty-two week low of $60.26 and a fifty-two week high of $89.70. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

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

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

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.