Xponance Inc. Lowers Stock Position in KB Home (NYSE:KBH)

Xponance Inc. cut its stake in shares of KB Home (NYSE:KBH) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,103 shares of the construction company’s stock after selling 180 shares during the period. Xponance Inc.’s holdings in KB Home were worth $693,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KBH. Fifth Third Bancorp raised its position in KB Home by 40.9% during the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after acquiring an additional 270 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of KB Home in the fourth quarter valued at about $56,000. Whittier Trust Co. acquired a new stake in shares of KB Home in the fourth quarter valued at about $62,000. CI Investments Inc. acquired a new stake in shares of KB Home in the third quarter valued at about $145,000. Finally, NBC Securities Inc. acquired a new stake in shares of KB Home in the third quarter valued at about $196,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Price Performance

Shares of KBH stock opened at $65.60 on Friday. The firm has a market cap of $4.98 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.73 and a beta of 1.73. The company has a 50-day moving average of $66.19 and a two-hundred day moving average of $59.23. KB Home has a 1-year low of $41.33 and a 1-year high of $72.00.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. KB Home’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. Sell-side analysts anticipate that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.25 dividend. This is a positive change from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. KB Home’s dividend payout ratio (DPR) is presently 10.88%.

Insider Activity

In related news, EVP Brian J. Woram sold 83,272 shares of KB Home stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total value of $5,040,454.16. Following the completion of the transaction, the executive vice president now owns 156,119 shares in the company, valued at $9,449,883.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KB Home news, Director Arthur Reginald Collins sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $60.12, for a total transaction of $330,660.00. Following the sale, the director now owns 9,098 shares of the company’s stock, valued at $546,971.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian J. Woram sold 83,272 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the sale, the executive vice president now directly owns 156,119 shares in the company, valued at approximately $9,449,883.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,629 shares of company stock valued at $10,675,718. 4.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on shares of KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. The Goldman Sachs Group increased their target price on shares of KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. StockNews.com cut shares of KB Home from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada raised their price objective on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KB Home currently has an average rating of “Hold” and a consensus target price of $66.11.

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.