Moody Aldrich Partners LLC Has $1.34 Million Stock Position in KB Home (NYSE:KBH)

Moody Aldrich Partners LLC lowered its position in shares of KB Home (NYSE:KBH) by 22.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,455 shares of the construction company’s stock after selling 6,003 shares during the quarter. Moody Aldrich Partners LLC’s holdings in KB Home were worth $1,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of KB Home by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 13,350 shares of the construction company’s stock worth $877,000 after buying an additional 2,797 shares in the last quarter. KBC Group NV increased its position in shares of KB Home by 44.2% in the fourth quarter. KBC Group NV now owns 3,007 shares of the construction company’s stock worth $198,000 after purchasing an additional 922 shares during the period. Blue Trust Inc. increased its position in shares of KB Home by 35.9% in the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after purchasing an additional 456 shares during the period. Inspire Investing LLC increased its position in shares of KB Home by 4.1% in the fourth quarter. Inspire Investing LLC now owns 32,122 shares of the construction company’s stock worth $2,111,000 after purchasing an additional 1,268 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of KB Home by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,791 shares of the construction company’s stock worth $1,432,000 after purchasing an additional 859 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Trading Down 2.4 %

NYSE:KBH opened at $68.36 on Wednesday. The stock has a market cap of $5.01 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86. The stock’s 50-day moving average is $71.45 and its 200-day moving average is $78.04. KB Home has a 1-year low of $58.15 and a 1-year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 earnings per share. As a group, equities analysts forecast that KB Home will post 8.5 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio is currently 11.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KBH. Bank of America decreased their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday. Raymond James restated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. UBS Group decreased their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI lifted their target price on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their target price on KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.21.

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.