Mutual of America Capital Management LLC Trims Holdings in KB Home (NYSE:KBH)

Mutual of America Capital Management LLC trimmed its stake in KB Home (NYSE:KBH) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 35,720 shares of the construction company’s stock after selling 1,488 shares during the period. Mutual of America Capital Management LLC’s holdings in KB Home were worth $2,076,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in KBH. Invesco Ltd. increased its stake in KB Home by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock worth $157,529,000 after buying an additional 56,142 shares during the period. First Trust Advisors LP increased its stake in KB Home by 61.2% during the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company’s stock worth $87,264,000 after buying an additional 503,895 shares during the period. LSV Asset Management increased its stake in KB Home by 3.0% during the 4th quarter. LSV Asset Management now owns 1,137,900 shares of the construction company’s stock worth $74,783,000 after buying an additional 33,500 shares during the period. Northern Trust Corp increased its stake in KB Home by 7.3% during the 4th quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company’s stock worth $72,377,000 after buying an additional 75,206 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in KB Home by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company’s stock worth $44,384,000 after buying an additional 6,856 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Performance

Shares of KBH opened at $53.92 on Friday. The company has a 50-day simple moving average of $53.25 and a 200-day simple moving average of $57.93. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.67 billion, a PE ratio of 7.14, a P/E/G ratio of 4.33 and a beta of 1.34. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $2.15 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared 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 of this dividend is Thursday, August 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. KB Home’s dividend payout ratio (DPR) is 13.25%.

Analyst Ratings Changes

A number of brokerages have commented on KBH. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods dropped their price objective on shares of KB Home from $65.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, June 26th. Wedbush reissued a “neutral” rating and issued a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Wells Fargo & Company restated an “underweight” rating and issued a $52.00 target price (down previously from $53.00) on shares of KB Home in a report on Tuesday, June 24th. Finally, Evercore ISI lowered their target price on shares of KB Home from $77.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.14.

Insider Buying and Selling

In other news, COO Robert V. Mcgibney sold 14,000 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the transaction, the chief operating officer directly owned 78,345 shares of the company’s stock, valued at approximately $4,193,024.40. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arthur Reginald Collins sold 5,000 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director directly owned 10,262 shares in the company, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.89% of the company’s stock.

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.