KB Home (NYSE:KBH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of KB Home (NYSE:KBH) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,933 shares of the construction company’s stock after selling 981 shares during the quarter. Envestnet Asset Management Inc.’s holdings in KB Home were worth $784,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of KB Home during the 4th quarter worth approximately $49,638,000. Hennessy Advisors Inc. acquired a new stake in KB Home in the fourth quarter worth $44,118,000. Raymond James Financial Inc. bought a new stake in KB Home in the fourth quarter valued at $12,288,000. Quantbot Technologies LP boosted its holdings in shares of KB Home by 4,083.5% during the fourth quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company’s stock valued at $9,623,000 after acquiring an additional 142,922 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of KB Home by 24.4% during the fourth quarter. JPMorgan Chase & Co. now owns 727,809 shares of the construction company’s stock worth $47,832,000 after acquiring an additional 142,913 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Up 2.3 %

Shares of KB Home stock opened at $54.95 on Friday. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The firm has a market capitalization of $3.94 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $57.05 and its 200-day moving average is $66.93.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The firm 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 earnings per share. Equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home’s dividend payout ratio is 12.20%.

Wall Street Analysts Forecast Growth

KBH has been the topic of several recent research reports. Barclays cut their price objective on shares of 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. JPMorgan Chase & Co. reduced their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. StockNews.com cut KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Royal Bank of Canada decreased their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group cut their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.04.

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.