UBS Group AG Sells 442,917 Shares of KB Home $KBH

UBS Group AG trimmed its position in shares of KB Home (NYSE:KBH) by 54.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 372,220 shares of the construction company’s stock after selling 442,917 shares during the period. UBS Group AG’s holdings in KB Home were worth $20,997,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in KB Home by 204.8% during the third quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock valued at $4,396,000 after acquiring an additional 46,415 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of KB Home during the 3rd quarter valued at $1,551,000. Deprince Race & Zollo Inc. grew its stake in KB Home by 13.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after buying an additional 122,457 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in KB Home during the 3rd quarter valued at about $1,451,000. Finally, Lincluden Management Ltd. purchased a new stake in KB Home in the third quarter valued at about $1,965,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Down 3.3%

KB Home stock opened at $47.86 on Tuesday. The stock has a 50-day moving average price of $53.44 and a 200 day moving average price of $58.54. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 8.74 and a beta of 1.42. KB Home has a 52 week low of $47.82 and a 52 week high of $68.71.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $1.49 EPS. KB Home’s revenue for the quarter was down 22.6% compared to the same quarter last year. Research analysts anticipate that KB Home will post 3.1 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 7th. KB Home’s dividend payout ratio (DPR) is 25.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KBH. Citizens Jmp initiated coverage on KB Home in a research note on Tuesday, March 24th. They set an “outperform” rating and a $77.00 price target on the stock. Wall Street Zen downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Royal Bank Of Canada decreased their price target on shares of KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Weiss Ratings downgraded shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, UBS Group dropped their price objective on shares of KB Home from $71.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.17.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.