Brown Advisory Inc. Sells 385 Shares of KB Home (NYSE:KBH)

Brown Advisory Inc. cut its position in KB Home (NYSE:KBH) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,727 shares of the construction company’s stock after selling 385 shares during the period. Brown Advisory Inc.’s holdings in KB Home were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of KB Home by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company’s stock worth $44,384,000 after purchasing an additional 6,856 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. increased its stake in shares of KB Home by 5.6% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 28,500 shares of the construction company’s stock worth $1,656,000 after purchasing an additional 1,500 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of KB Home by 0.4% in the first quarter. Principal Financial Group Inc. now owns 208,222 shares of the construction company’s stock worth $12,102,000 after purchasing an additional 902 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of KB Home by 148.0% in the first quarter. Teacher Retirement System of Texas now owns 100,068 shares of the construction company’s stock worth $5,816,000 after purchasing an additional 59,718 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of KB Home by 12.1% in the first quarter. KBC Group NV now owns 3,372 shares of the construction company’s stock worth $196,000 after purchasing an additional 365 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the transaction, the director owned 10,262 shares in the company, valued at $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.89% of the stock is owned by company insiders.

KB Home Stock Performance

KBH opened at $54.84 on Thursday. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. The company has a fifty day moving average of $53.22 and a 200 day moving average of $58.14. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 4.31 and a beta of 1.34.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $2.15 earnings per share. KB Home’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.00 annualized dividend and a yield of 1.82%. KB Home’s dividend payout ratio (DPR) is currently 13.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of KB Home from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th. Wedbush reissued a “neutral” rating and issued a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their price objective on shares of KB Home from $65.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, June 26th. Royal Bank Of Canada cut their target price on shares of 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, UBS Group cut their target price on shares of KB Home from $86.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $66.14.

About KB Home

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.