Segall Bryant & Hamill LLC Sells 2,107 Shares of KB Home (NYSE:KBH)

Segall Bryant & Hamill LLC trimmed its position in KB Home (NYSE:KBH) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,063 shares of the construction company’s stock after selling 2,107 shares during the period. Segall Bryant & Hamill LLC’s holdings in KB Home were worth $4,407,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction 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. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on KBH. JPMorgan Chase & Co. lowered their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday. Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada dropped their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Bank of America reduced their price objective on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.21.

KB Home Stock Performance

NYSE:KBH opened at $59.29 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a fifty-two week low of $56.41 and a fifty-two week high of $89.70. The firm has a market cap of $4.24 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business has a 50 day moving average price of $63.63 and a 200-day moving average price of $72.62.

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

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. KB Home’s payout ratio is presently 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.