Vanguard Group Inc. Cuts Stock Holdings in KB Home $KBH

Vanguard Group Inc. decreased its position in KB Home (NYSE:KBH) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,080,753 shares of the construction company’s stock after selling 406,228 shares during the quarter. Vanguard Group Inc. owned approximately 9.39% of KB Home worth $386,979,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in KB Home during the second quarter worth about $44,000. SBI Securities Co. Ltd. raised its position in KB Home by 2,848.4% in the third quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after acquiring an additional 883 shares during the period. Harbor Capital Advisors Inc. boosted its stake in KB Home by 56.3% in the third quarter. Harbor Capital Advisors Inc. now owns 944 shares of the construction company’s stock valued at $60,000 after acquiring an additional 340 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of KB Home by 1,125.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,986 shares of the construction company’s stock valued at $105,000 after acquiring an additional 1,824 shares during the period. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBH has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, December 29th. Royal Bank Of Canada lowered their target price on KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. Bank of America dropped their price target on KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Raymond James Financial lowered KB Home from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 24th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $66.00 price objective on shares of KB Home in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.73.

KB Home Stock Performance

NYSE KBH opened at $63.43 on Friday. KB Home has a 52-week low of $48.90 and a 52-week high of $68.71. The company has a fifty day moving average of $60.41 and a 200-day moving average of $61.99. The company has a market capitalization of $4.01 billion, a P/E ratio of 12.92, a P/E/G ratio of 8.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 5.77.

KB Home (NYSE:KBH) last issued its earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.13. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.KB Home’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.52 earnings per share. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 5th. KB Home’s dividend payout ratio (DPR) is 20.37%.

KB Home Profile

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.