Aperio Group LLC Sells 28,268 Shares of KB Home (KBH)
Aperio Group LLC decreased its holdings in KB Home (NYSE:KBH) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 188,648 shares of the construction company’s stock after selling 28,268 shares during the quarter. Aperio Group LLC’s holdings in KB Home were worth $6,027,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in KB Home by 7.7% in the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after buying an additional 492,594 shares during the last quarter. State Street Corp grew its position in KB Home by 3.2% in the second quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock worth $63,890,000 after buying an additional 83,179 shares during the last quarter. Northern Trust Corp grew its position in KB Home by 1.9% in the second quarter. Northern Trust Corp now owns 1,337,380 shares of the construction company’s stock worth $32,058,000 after buying an additional 25,523 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in KB Home in the fourth quarter worth approximately $34,238,000. Finally, Acadian Asset Management LLC acquired a new position in KB Home in the fourth quarter worth approximately $29,512,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.
Several research firms have issued reports on KBH. Credit Suisse Group restated a “neutral” rating and issued a $31.00 price target (up previously from $25.00) on shares of KB Home in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Wedbush lowered shares of KB Home from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 19th. UBS Group started coverage on shares of KB Home in a research report on Wednesday, October 25th. They set a “sell” rating and a $24.00 price objective on the stock. Finally, ValuEngine upgraded shares of KB Home from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. KB Home presently has a consensus rating of “Hold” and an average price target of $29.07.
Shares of KB Home (NYSE KBH) opened at $30.45 on Wednesday. The stock has a market cap of $2,630.00, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. KB Home has a 52 week low of $15.96 and a 52 week high of $38.80. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36.
KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. KB Home had a net margin of 6.01% and a return on equity of 17.85%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. equities research analysts expect that KB Home will post 2.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, February 7th. KB Home’s dividend payout ratio (DPR) is currently 5.46%.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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