Intech Investment Management LLC Decreases Stock Holdings in KB Home $KBH

Intech Investment Management LLC reduced its holdings in shares of KB Home (NYSE:KBH) by 19.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,520 shares of the construction company’s stock after selling 11,580 shares during the quarter. Intech Investment Management LLC owned 0.07% of KB Home worth $2,820,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after buying an additional 206 shares during the period. CWM LLC grew its stake in KB Home by 11.8% during the first quarter. CWM LLC now owns 2,007 shares of the construction company’s stock worth $117,000 after buying an additional 212 shares during the period. Vista Investment Management grew its stake in KB Home by 4.4% during the fourth quarter. Vista Investment Management now owns 5,097 shares of the construction company’s stock worth $335,000 after buying an additional 215 shares during the period. DekaBank Deutsche Girozentrale grew its stake in KB Home by 1.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company’s stock worth $729,000 after buying an additional 221 shares during the period. Finally, Manchester Capital Management LLC grew its stake in KB Home by 30.1% during the first quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock worth $56,000 after buying an additional 221 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KBH. Keefe, Bruyette & Woods reduced their target price 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. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Evercore ISI reduced their target price on shares of KB Home from $77.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 24th. Wells Fargo & Company boosted their target price on shares of KB Home from $50.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 2nd. Finally, Barclays set a $49.00 target price on shares of KB Home and gave the stock an “equal weight” rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, KB Home has a consensus rating of “Hold” and a consensus price target of $66.86.

KB Home Stock Down 2.1%

Shares of NYSE:KBH opened at $65.95 on Monday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 5.35 and a beta of 1.36. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The company’s fifty day moving average is $60.09 and its two-hundred day moving average is $56.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83.

KB Home (NYSE:KBH) last issued its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. Equities analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. KB Home’s dividend payout ratio is currently 13.25%.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the completion of the transaction, the chief operating officer owned 78,345 shares in the company, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.