Leuthold Group LLC Sells 3,706 Shares of KB Home (NYSE:KBH)

Leuthold Group LLC lowered its holdings in shares of KB Home (NYSE:KBH) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 56,956 shares of the construction company’s stock after selling 3,706 shares during the period. Leuthold Group LLC owned about 0.08% of KB Home worth $3,743,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in KB Home during the third quarter valued at about $32,000. Principal Securities Inc. boosted its holdings in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the period. Riggs Asset Managment Co. Inc. bought a new position in KB Home during the 3rd quarter worth approximately $43,000. Versant Capital Management Inc grew its position in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in KB Home in the 3rd quarter worth approximately $59,000. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KBH. Evercore ISI increased their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America decreased their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Barclays dropped their target price on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, KB Home has a consensus rating of “Hold” and an average price target of $76.21.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.44% of the company’s stock.

KB Home Trading Down 2.4 %

NYSE KBH opened at $61.30 on Friday. The firm has a market capitalization of $4.42 billion, a PE ratio of 7.24, a P/E/G ratio of 0.89 and a beta of 1.86. The stock’s 50 day moving average is $66.23 and its 200 day moving average is $76.06. KB Home has a twelve month low of $60.26 and a twelve month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 EPS. Research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

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.