Bailard Inc. Sells 900 Shares of KB Home (NYSE:KBH)

Bailard Inc. decreased its holdings in shares of KB Home (NYSE:KBH) by 7.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,200 shares of the construction company’s stock after selling 900 shares during the period. Bailard Inc.’s holdings in KB Home were worth $700,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in KB Home by 93.9% during the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock worth $116,942,000 after purchasing an additional 1,223,612 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in KB Home by 225.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company’s stock worth $41,435,000 after purchasing an additional 620,238 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in KB Home by 246.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 501,100 shares of the construction company’s stock worth $23,191,000 after purchasing an additional 356,600 shares during the last quarter. Invesco Ltd. lifted its stake in KB Home by 26.1% during the third quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock worth $71,590,000 after purchasing an additional 320,554 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in KB Home by 32.3% during the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock worth $57,927,000 after purchasing an additional 305,820 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the subject of several research analyst reports. Evercore ISI dropped their price target on KB Home from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Barclays boosted their target price on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Wedbush boosted their target price on KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. boosted their target price on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods boosted their target price on KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $66.11.

Insider Buying and Selling

In related news, CAO William R. Hollinger sold 45,471 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the completion of the transaction, the chief accounting officer now owns 109,981 shares of the company’s stock, valued at approximately $6,650,551.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Arthur Reginald Collins sold 5,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the transaction, the director now directly owns 9,098 shares in the company, valued at approximately $546,971.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO William R. Hollinger sold 45,471 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total value of $2,749,631.37. Following the completion of the transaction, the chief accounting officer now owns 109,981 shares in the company, valued at $6,650,551.07. The disclosure for this sale can be found here. Insiders have sold 172,629 shares of company stock worth $10,675,718 in the last 90 days. Insiders own 4.44% of the company’s stock.

KB Home Price Performance

Shares of NYSE:KBH opened at $65.60 on Friday. KB Home has a 1 year low of $41.33 and a 1 year high of $72.00. The company has a market cap of $4.98 billion, a PE ratio of 8.93, a P/E/G ratio of 0.73 and a beta of 1.73. The stock’s 50-day moving average is $66.19 and its 200 day moving average is $59.23.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $1.45 EPS. KB Home’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is presently 10.88%.

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.