KB Home (NYSE:KBH) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its holdings in shares of KB Home (NYSE:KBH) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,440 shares of the construction company’s stock after selling 10,987 shares during the period. Loomis Sayles & Co. L P owned about 0.24% of KB Home worth $11,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KBH. JPMorgan Chase & Co. raised its position in shares of KB Home by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 727,809 shares of the construction company’s stock worth $47,832,000 after purchasing an additional 142,913 shares during the period. WINTON GROUP Ltd increased its position in KB Home by 10.4% in the fourth quarter. WINTON GROUP Ltd now owns 15,718 shares of the construction company’s stock worth $1,033,000 after buying an additional 1,477 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in KB Home by 26.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,250 shares of the construction company’s stock valued at $1,002,000 after buying an additional 3,234 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of KB Home by 23.2% during the fourth quarter. Prudential Financial Inc. now owns 168,917 shares of the construction company’s stock valued at $11,101,000 after acquiring an additional 31,774 shares during the period. Finally, LPL Financial LLC grew its position in shares of KB Home by 10.9% during the fourth quarter. LPL Financial LLC now owns 31,754 shares of the construction company’s stock worth $2,087,000 after acquiring an additional 3,131 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.89% of the stock is owned by insiders.

KB Home Price Performance

Shares of NYSE:KBH opened at $57.79 on Friday. The company has a market capitalization of $4.13 billion, a PE ratio of 6.82, a price-to-earnings-growth 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. The stock has a fifty day moving average of $63.43 and a 200-day moving average of $72.41. KB Home has a one year low of $56.41 and a one year high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 earnings per share. As a group, equities analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 dividend yield of 1.73%. KB Home’s dividend payout ratio is currently 12.20%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KBH. Wells Fargo & Company reduced their target price on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a research note on Tuesday, March 25th. Barclays lowered their target price on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Bank of America decreased their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada reduced their price objective on shares of KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.21.

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.