Neuberger Berman Group LLC Decreases Position in KB Home (NYSE:KBH)

Neuberger Berman Group LLC trimmed its holdings in shares of KB Home (NYSE:KBH) by 63.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,175 shares of the construction company’s stock after selling 5,592 shares during the period. Neuberger Berman Group LLC’s holdings in KB Home were worth $209,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KBH. Xponance Inc. grew its holdings in KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after acquiring an additional 163 shares during the last quarter. Principal Securities Inc. boosted its holdings in KB Home by 43.6% in the fourth 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. Blue Trust Inc. increased its position in KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after purchasing an additional 194 shares during the period. Amundi increased its position in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of KB Home by 65.6% during the 4th 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. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on KBH. UBS Group dropped their target price on shares of KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Evercore ISI upped their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Barclays decreased their target price on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. Royal Bank of Canada dropped their price target on KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 25th. Finally, Bank of America reduced their price objective on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research 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 assigned a strong buy rating to the company. According to MarketBeat.com, KB Home currently has a consensus rating of “Hold” and a consensus price target of $71.21.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the sale, the chief financial officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.89% of the stock is owned by insiders.

KB Home Stock Performance

KBH stock opened at $50.72 on Friday. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The stock’s 50 day simple moving average is $60.36 and its 200 day simple moving average is $69.92. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.62 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. As a group, research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. KB Home’s payout ratio is 12.20%.

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.