Mutual of America Capital Management LLC Sells 1,750 Shares of KB Home (NYSE:KBH)

Mutual of America Capital Management LLC reduced its position in KB Home (NYSE:KBH) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,208 shares of the construction company’s stock after selling 1,750 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of KB Home worth $2,445,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its position in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the period. Blue Trust Inc. boosted its stake in shares of KB Home by 15.3% during the fourth 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. Jupiter Wealth Management LLC increased its holdings in KB Home by 1.2% during the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after buying an additional 225 shares during the period. Pathstone Holdings LLC raised its stake in KB Home by 1.3% in the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock worth $1,759,000 after buying an additional 263 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of KB Home by 1.1% during the third quarter. Hancock Whitney Corp now owns 24,208 shares of the construction company’s stock valued at $2,074,000 after buying an additional 265 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Down 0.7 %

Shares of KBH stock opened at $64.00 on Friday. KB Home has a twelve month low of $59.00 and a twelve month high of $89.70. The stock has a market cap of $4.62 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.90 and a beta of 1.89. The stock has a 50 day moving average of $64.99 and a 200 day moving average of $74.71. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating 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 firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Analyst Upgrades and Downgrades

KBH has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 28th. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Bank of America dropped their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.38.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.44% of the company’s stock.

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.