KB Home (KBH) Shares Sold by ClariVest Asset Management LLC

ClariVest Asset Management LLC lessened its stake in shares of KB Home (NYSE:KBH) by 18.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 403,414 shares of the construction company’s stock after selling 89,142 shares during the period. ClariVest Asset Management LLC owned 0.46% of KB Home worth $7,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in KB Home by 0.8% during the 3rd quarter. BlackRock Inc. now owns 10,413,684 shares of the construction company’s stock valued at $248,990,000 after acquiring an additional 79,827 shares in the last quarter. Vanguard Group Inc grew its stake in KB Home by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 8,050,306 shares of the construction company’s stock valued at $192,483,000 after acquiring an additional 198,509 shares in the last quarter. Vanguard Group Inc. grew its stake in KB Home by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,050,306 shares of the construction company’s stock valued at $192,483,000 after acquiring an additional 198,509 shares in the last quarter. Fisher Asset Management LLC grew its stake in KB Home by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 3,321,909 shares of the construction company’s stock valued at $63,448,000 after acquiring an additional 18,369 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in KB Home by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,847,786 shares of the construction company’s stock valued at $68,090,000 after acquiring an additional 63,964 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

KB Home stock opened at $21.49 on Tuesday. KB Home has a 1-year low of $16.82 and a 1-year high of $31.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 4.81 and a quick ratio of 0.94. The company has a market capitalization of $1.87 billion, a PE ratio of 7.62, a PEG ratio of 0.98 and a beta of 1.55.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. KB Home had a net margin of 3.75% and a return on equity of 14.31%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts forecast that KB Home will post 2.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Thursday, February 7th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. KB Home’s payout ratio is currently 35.46%.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of KB Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 14th. Buckingham Research assumed coverage on shares of KB Home in a research note on Friday, January 11th. They set a “neutral” rating for the company. Credit Suisse Group reaffirmed a “sell” rating and set a $17.00 price objective on shares of KB Home in a research note on Thursday, January 10th. ValuEngine cut shares of KB Home from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 10th. Finally, Wedbush dropped their price target on shares of KB Home from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, January 10th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.13.

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KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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