Leuthold Group LLC Sells 3,706 Shares of KB Home (NYSE:KBH)

Leuthold Group LLC trimmed its position in shares of KB Home (NYSE:KBH) by 6.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 56,956 shares of the construction company’s stock after selling 3,706 shares during the quarter. Leuthold Group LLC’s holdings in KB Home were worth $3,743,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp boosted its holdings in shares of KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after buying an additional 45,311 shares in the last quarter. Fisher Asset Management LLC grew its holdings in KB Home by 3.4% in the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock worth $189,047,000 after purchasing an additional 73,051 shares during the last quarter. Geode Capital Management LLC grew its stake in KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after buying an additional 16,593 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of KB Home during the third quarter worth about $89,899,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Price Performance

KBH stock opened at $61.30 on Friday. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.86. KB Home has a 52-week low of $60.26 and a 52-week high of $89.70. The business has a fifty day moving average of $66.23 and a two-hundred day moving average of $76.06. 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 issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is presently 11.81%.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KBH. JPMorgan Chase & Co. cut their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. UBS Group lowered their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and dropped their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Evercore ISI lifted their target price on shares of 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 dropped their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.