Aristotle Capital Boston LLC Sells 49,875 Shares of KB Home (NYSE:KBH)

Aristotle Capital Boston LLC lessened its stake in shares of KB Home (NYSE:KBH) by 9.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 456,395 shares of the construction company’s stock after selling 49,875 shares during the period. Aristotle Capital Boston LLC owned about 0.63% of KB Home worth $29,994,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Versant Capital Management Inc lifted its stake in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the period. Amundi grew its holdings in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after acquiring an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in KB Home during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

KBH opened at $54.95 on Friday. The firm’s 50-day moving average price is $57.05 and its 200-day moving average price is $66.93. The company has a market cap of $3.94 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. 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 $48.90 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings results 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). The company had revenue of $1.39 billion for 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%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. As a group, equities analysts anticipate 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 will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. KB Home’s dividend payout ratio is currently 12.20%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KBH shares. Barclays dropped their price objective on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada reduced their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 25th. StockNews.com downgraded KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group reduced their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, March 7th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.04.

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.