KB Home (NYSE:KBH) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of KB Home (NYSE:KBH) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,300 shares of the construction company’s stock after selling 2,600 shares during the period. Swiss National Bank’s holdings in KB Home were worth $9,483,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp increased its position 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 valued at $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. increased its position in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home in the 3rd quarter valued at $59,000. Banque Cantonale Vaudoise acquired a new position in shares of KB Home in the 3rd quarter valued at $61,000. Finally, Versant Capital Management Inc increased its position in shares of KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KBH has been the topic of several research reports. The Goldman Sachs Group cut their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Keefe, Bruyette & Woods cut their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research report on Friday, January 17th. Barclays lowered their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Bank of America lowered 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. Finally, UBS Group lowered their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.21.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.89% of the stock is currently owned by corporate insiders.

KB Home Trading Down 2.7 %

KBH stock opened at $59.61 on Friday. The company’s 50-day simple moving average is $64.22 and its 200-day simple moving average is $73.17. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a 52-week low of $58.80 and a 52-week high of $89.70. The firm has a market cap of $4.26 billion, a P/E ratio of 7.04, a PEG ratio of 0.90 and a beta of 1.89.

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

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is presently 11.81%.

KB Home Company 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.