Russell Investments Group Ltd. Decreases Stock Holdings in KB Home (NYSE:KBH)

Russell Investments Group Ltd. reduced its stake in shares of KB Home (NYSE:KBH) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,767 shares of the construction company’s stock after selling 117,301 shares during the period. Russell Investments Group Ltd.’s holdings in KB Home were worth $11,478,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in KB Home by 3.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock valued at $334,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp lifted its holdings in KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares during the last quarter. Inspire Investing LLC grew its position in KB Home by 8.7% in the third quarter. Inspire Investing LLC now owns 6,614 shares of the construction company’s stock worth $306,000 after acquiring an additional 531 shares during the period. AlphaMark Advisors LLC increased its stake in KB Home by 12.0% during the fourth quarter. AlphaMark Advisors LLC now owns 5,494 shares of the construction company’s stock worth $343,000 after acquiring an additional 588 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in KB Home by 6.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,880 shares of the construction company’s stock valued at $457,000 after purchasing an additional 624 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of research analyst reports. UBS Group increased their price target on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Barclays increased their target price on shares of KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. The Goldman Sachs Group lifted their price target on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Wells Fargo & Company upped their price objective on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, StockNews.com downgraded shares of KB Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $66.11.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.44% of the stock is owned by corporate insiders.

KB Home Stock Up 4.0 %

NYSE:KBH opened at $68.78 on Monday. KB Home has a 52 week low of $42.11 and a 52 week high of $72.00. The company has a fifty day simple moving average of $66.59 and a two-hundred day simple moving average of $60.21. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.78 and a beta of 1.74.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.57 by $0.19. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. KB Home’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. On average, analysts expect that KB Home will post 8.01 EPS for the current year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 8th. KB Home’s dividend payout ratio is presently 10.88%.

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.