Cwm LLC Decreases Position in KB Home (NYSE:KBH)

Cwm LLC lowered its position in KB Home (NYSE:KBH) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,412 shares of the construction company’s stock after selling 281 shares during the quarter. Cwm LLC’s holdings in KB Home were worth $88,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Knights of Columbus Asset Advisors LLC increased its holdings in KB Home by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 129,409 shares of the construction company’s stock valued at $8,083,000 after acquiring an additional 62,897 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of KB Home by 30.0% during the 4th quarter. Federated Hermes Inc. now owns 150,009 shares of the construction company’s stock worth $9,370,000 after purchasing an additional 34,647 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of KB Home during the 4th quarter worth approximately $56,000. Scissortail Wealth Management LLC acquired a new position in shares of KB Home during the 4th quarter worth approximately $536,000. Finally, Strs Ohio lifted its stake in KB Home by 4.6% in the 4th quarter. Strs Ohio now owns 22,900 shares of the construction company’s stock valued at $1,430,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KBH shares. UBS Group raised their price target on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. StockNews.com downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Barclays raised their price target 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. Wedbush boosted their price objective on shares of KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group raised their target price on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.11.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.52% of the company’s stock.

KB Home Stock Down 0.4 %

Shares of KBH opened at $69.74 on Wednesday. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $72.00. The company’s fifty day moving average is $66.84 and its two-hundred day moving average is $60.60. The firm has a market cap of $5.29 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.74.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. The firm had revenue of $1.47 billion for 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%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. As a group, equities research analysts anticipate that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, May 8th. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is 10.88%.

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.