KB Home $KBH Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in KB Home (NYSE:KBH) by 23.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,309 shares of the construction company’s stock after selling 34,251 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of KB Home worth $5,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in KB Home during the first quarter worth $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of KB Home during the 2nd quarter worth $44,000. Manchester Capital Management LLC boosted its position in shares of KB Home by 30.1% during the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of KB Home during the 2nd quarter valued at about $59,000. Finally, AlphaQuest LLC purchased a new stake in shares of KB Home in the first quarter valued at about $60,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

KB Home stock opened at $61.75 on Friday. The company has a market capitalization of $4.00 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 5.17 and a beta of 1.36. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $85.66. The firm has a 50 day moving average price of $61.93 and a 200 day moving average price of $58.55.

KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm earned $2.04 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio (DPR) is 13.25%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KBH shares. Bank of America reduced their target price on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KB Home in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $83.00 price objective on shares of KB Home in a report on Thursday, September 25th. Raymond James Financial raised their target price on KB Home from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. reduced their target price on KB Home from $63.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, KB Home has an average rating of “Hold” and an average price target of $64.36.

Insiders Place Their Bets

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the sale, the executive vice president directly owned 104,062 shares in the company, valued at $6,252,044.96. This represents a 16.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is currently owned by corporate insiders.

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.