O Shaughnessy Asset Management LLC Trims Stock Holdings in KB Home (NYSE:KBH)

O Shaughnessy Asset Management LLC lowered its position in KB Home (NYSE:KBH) by 16.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,687 shares of the construction company’s stock after selling 5,266 shares during the period. O Shaughnessy Asset Management LLC’s holdings in KB Home were worth $1,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KBH. Jones Financial Companies Lllp boosted its stake in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. lifted its holdings in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares in the last quarter. Versant Capital Management Inc boosted its stake in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Amundi grew its holdings in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of KB Home during the third quarter valued at approximately $59,000. 96.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KBH has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. UBS Group cut their price objective on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Barclays decreased their target price on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target on KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 26th. Finally, Wedbush reaffirmed a “neutral” rating and set a $75.00 price objective on shares of KB Home in a report on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.21.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s 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 owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.89% of the company’s stock.

KB Home Stock Up 3.6 %

Shares of KBH opened at $57.61 on Friday. 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 business has a fifty day moving average of $62.45 and a 200 day moving average of $71.59. The company has a market cap of $4.12 billion, a PE ratio of 6.80, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 52-week low of $54.02 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 earnings per share. On average, sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. KB Home’s dividend payout ratio is 12.20%.

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.