O Shaughnessy Asset Management LLC Reduces Holdings in KB Home (NYSE:KBH)

O Shaughnessy Asset Management LLC lowered its stake in shares of KB Home (NYSE:KBH) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,687 shares of the construction company’s stock after selling 5,266 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in KB Home were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Xponance Inc. grew its holdings in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after acquiring an additional 163 shares during the period. Principal Securities Inc. raised its holdings in 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 in the last quarter. Blue Trust Inc. lifted its position in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after buying an additional 194 shares during the period. Amundi boosted its holdings in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares during the period. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBH has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 26th. Barclays cut their price target on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Wedbush reissued a “neutral” rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, KB Home presently has a consensus rating of “Hold” and an average price target of $71.21.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s 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 completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.89% of the company’s stock.

KB Home Stock Performance

Shares of KBH stock opened at $57.61 on Friday. The firm has a market capitalization of $4.12 billion, a PE ratio of 6.80, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a 50 day moving average price of $62.45 and a 200-day moving average price of $71.59. KB Home has a 52 week low of $54.02 and a 52 week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced 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). 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%. KB Home’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. As a group, equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.74%. KB Home’s payout ratio is 12.20%.

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.