Segall Bryant & Hamill LLC Has $4.41 Million Stake in KB Home (NYSE:KBH)

Segall Bryant & Hamill LLC reduced its position in KB Home (NYSE:KBH) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,063 shares of the construction company’s stock after selling 2,107 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of KB Home worth $4,407,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. raised its stake 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 worth $39,000 after purchasing an additional 179 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares in the last quarter. Amundi boosted its position in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in KB Home during the third quarter worth $59,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Up 0.3 %

KBH stock opened at $59.29 on Friday. The stock has a fifty day moving average of $63.63 and a 200-day moving average of $72.62. KB Home has a fifty-two week low of $56.41 and a fifty-two week high of $89.70. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

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

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. KB Home’s payout ratio is 12.20%.

Analyst Ratings Changes

Several brokerages have weighed in on KBH. The Goldman Sachs Group dropped their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Wedbush restated a “neutral” rating and set a $75.00 price target on shares of KB Home in a report on Tuesday. Bank of America decreased their price objective on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on KB Home from $63.00 to $57.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Evercore ISI upped their target price on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $71.21.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.89% of the company’s stock.

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.