Empirical Finance LLC Sells 10,090 Shares of KB Home (NYSE:KBH)

Empirical Finance LLC trimmed its stake in KB Home (NYSE:KBH) by 52.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,966 shares of the construction company’s stock after selling 10,090 shares during the period. Empirical Finance LLC’s holdings in KB Home were worth $589,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp raised its position in KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after purchasing an additional 45,311 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of KB Home by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock worth $189,047,000 after buying an additional 73,051 shares during the period. Geode Capital Management LLC grew its position in shares of KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after buying an additional 16,593 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in shares of KB Home during the 3rd quarter worth $89,899,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Up 0.8 %

KB Home stock opened at $63.98 on Tuesday. KB Home has a one year low of $60.00 and a one year high of $89.70. The stock has a market cap of $4.62 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.86. 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 stock has a 50-day moving average of $68.88 and a two-hundred day moving average of $77.21.

KB Home (NYSE:KBH) last released its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business earned $1.85 EPS. KB Home’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, research analysts anticipate 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 will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 34,473 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 4.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KBH shares. Wells Fargo & Company lowered their price objective on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday, January 28th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, UBS Group cut their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.21.

KB Home Company 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.