KB Home (NYSE:KBH) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in KB Home (NYSE:KBH) by 26.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,250 shares of the construction company’s stock after acquiring an additional 3,234 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in KB Home were worth $1,002,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in KB Home by 65.6% in the fourth 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. lifted its stake 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 purchasing an additional 179 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in KB Home during the third quarter worth $59,000. Versant Capital Management Inc grew its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after buying an additional 557 shares during the period. Finally, Amundi increased its holdings in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.89% of the company’s stock.

KB Home Stock Up 0.4 %

Shares of NYSE KBH opened at $58.32 on Wednesday. The stock has a market cap of $4.17 billion, a PE ratio of 6.89, a P/E/G ratio of 0.90 and a beta of 1.89. 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 has a 12-month low of $56.41 and a 12-month high of $89.70. The company has a 50-day moving average of $63.06 and a 200 day moving average of $71.99.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 EPS. 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 company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. KB Home’s payout ratio is 12.20%.

Wall Street Analysts Forecast Growth

KBH has been the topic of several recent analyst reports. StockNews.com lowered shares of KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped 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. Bank of America reduced their target price on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Evercore ISI lifted their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, Wedbush restated a “neutral” rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and an average price target of $71.21.

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.