KB Home (NYSE:KBH) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in KB Home (NYSE:KBH) by 26.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,250 shares of the construction company’s stock after acquiring an additional 3,234 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in KB Home were worth $1,002,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Xponance Inc. lifted its stake in KB Home by 1.7% during the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after purchasing an additional 163 shares in the last quarter. 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 buying an additional 179 shares during the period. Blue Trust Inc. lifted its stake in KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after acquiring an additional 194 shares in the last quarter. Amundi boosted 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 acquiring an additional 201 shares during the period. Finally, Jones Financial Companies Lllp grew its position in KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on KBH shares. Wells Fargo & Company lowered their price objective on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group dropped their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Keefe, Bruyette & Woods reduced their price objective on KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 26th. Raymond James reiterated an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.21.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’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 owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.89% of the company’s stock.

KB Home Price Performance

Shares of NYSE KBH opened at $58.32 on Wednesday. The stock’s 50-day simple moving average is $63.06 and its 200-day simple moving average is $71.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market capitalization of $4.17 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a fifty-two week low of $56.41 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data 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). The company 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%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. As a group, equities research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, February 6th. KB Home’s 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.