Neuberger Berman Group LLC Has $209,000 Holdings in KB Home (NYSE:KBH)

Neuberger Berman Group LLC decreased its position in KB Home (NYSE:KBH) by 63.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,175 shares of the construction company’s stock after selling 5,592 shares during the period. Neuberger Berman Group LLC’s holdings in KB Home were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KBH. Invesco Ltd. increased its stake in shares of KB Home by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock valued at $157,529,000 after acquiring an additional 56,142 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of KB Home by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after purchasing an additional 75,143 shares during the period. Geode Capital Management LLC boosted its position in shares of KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after purchasing an additional 16,593 shares in the last quarter. LSV Asset Management boosted its position in shares of KB Home by 3.0% during the 4th quarter. LSV Asset Management now owns 1,137,900 shares of the construction company’s stock worth $74,783,000 after purchasing an additional 33,500 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in KB Home by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 756,810 shares of the construction company’s stock valued at $49,738,000 after buying an additional 15,867 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wedbush reissued a “neutral” rating and issued a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. UBS Group reduced their price target on shares of KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday, March 25th. Finally, Royal Bank of Canada lowered their target price on shares of KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.21.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.89% of the company’s stock.

KB Home Trading Down 1.3 %

Shares of KBH opened at $50.72 on Friday. The business has a 50-day moving average of $60.36 and a 200 day moving average of $69.92. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market cap of $3.62 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 1.97%. KB Home’s dividend payout ratio (DPR) is presently 12.20%.

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.