Amalgamated Bank Trims Holdings in KB Home (NYSE:KBH)

Amalgamated Bank lowered its holdings in KB Home (NYSE:KBH) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,045 shares of the construction company’s stock after selling 836 shares during the quarter. Amalgamated Bank’s holdings in KB Home were worth $2,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after acquiring an additional 164,010 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in KB Home during the 3rd quarter valued at approximately $956,000. Blue Trust Inc. raised its stake in shares of KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after buying an additional 456 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of KB Home by 24.7% during the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after buying an additional 7,679 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KBH. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. UBS Group cut their target price on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Raymond James restated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Barclays lowered their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. 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 stock. According to MarketBeat.com, KB Home currently has an average rating of “Hold” and an average price target of $76.21.

Insider Buying and Selling

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

KB Home Price Performance

KBH stock opened at $60.89 on Monday. KB Home has a 52-week low of $59.89 and a 52-week high of $89.70. The stock’s fifty day simple moving average is $65.38 and its 200-day simple moving average is $75.27. 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 has a market capitalization of $4.39 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86.

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

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

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.